BitMine Says Its 4.87 Million Ethereum Position Rebounded to an Unrealized Gain
The company reported a February unrealized loss on its Ethereum holdings, but the article says the position later shifted to an unrealized gain of 96 billion yen as accumulation continued.
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Summary
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Terms & Concepts
Ethereum: A blockchain network that supports smart contracts (self-executing blockchain code) and decentralized applications.
Unrealized gain: An increase in the value of an asset that exists on paper because it has not been sold.
Average acquisition price: The average price paid per unit of an asset across multiple purchases.