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📉 When BitMine first started accumulating $ETH, the price was around $2,400.
Since then:
• Total ETH bought: ~$18B
• Current ETH price: below $1,900
• Estimated unrealized loss: ~$8.8B
That’s a massive paper drawdown on one of the largest known ETH positions in the market.
It really shows how brutal timing can be in large-scale accumulation phases.