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Details: ht
The price of Ethereum has now fallen below the Bitmine holdings cost.
BlockBeats news, on September 25, according to @EmberCN, Bitmine purchased 264,000 ETH (worth 1.2 billion USD) last week, bringing their total ETH holdings to 2.416 million. Based on the number of increases they publish weekly combined with the average price of ETH that week, their average cost is approximately $4,016. The current spot market price of Ethereum ($4,010) has already fallen below Bitmine's holding cost.