BitMine – the largest reserve $ETH currently – is incurring an unrealized loss of approximately ~3.5 billion USD due to the sharp decline in ETH prices compared to the average purchase level.

• Their goal remains very clear: aiming to hold up to 5% of the total supply #ETH

• And notably, they still have ~1 billion USD in 'ammo' to buy more ETH in the near future.

The market is declining, but this side shows no signs of stopping.

ETHUSDT

Perp

2,527.8

-7.47%