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ETH Hits Cost Basis for BitMNR’s $9.7 Billion Holdings

Ethereum’s price matches BitMNR’s acquisition cost, while SharpLink Gaming’s ETH holdings are still $400 below their purchase price.

ETH

Summary

Ethereum (ETH) has now reached the cost basis for BitMNR’s holdings of 2.416 million ETH, valued at $9.7 billion. Meanwhile, SharpLink Gaming’s 838,000 ETH holdings, valued at $3.36 billion, remain $400 away from their $3,603 cost basis.

Terms & Concepts
  • Cost Basis: The original value or purchase price of an asset, used to calculate capital gains or losses when the asset is sold.
  • ETH (Ethereum): A blockchain-based cryptocurrency and decentralized computing platform supporting smart contracts and decentralized applications.
  • On-chain Analysis: The use of blockchain data to evaluate transactions, holdings, and market behavior based on publicly available ledger information.