BitMine Expands Ethereum Holdings to 4.37 Million ETH Despite Heavy Losses
The crypto investment firm purchased over 45,000 ETH last week, increasing exposure despite an $8 billion unrealized loss at current market prices.
ETH
Summary
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Terms & Concepts
- ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and decentralized applications.
- Average Cost: The mean price paid per unit of an asset across multiple purchases, used to evaluate investment performance.
- Unrealized Loss: A decline in the value of an asset held in a portfolio that has not yet been sold, meaning the loss is not locked in.