According to @EmberCN, Bitmine bought 110,000 ETH last week for about $385 million, adding to its Ethereum accumulation. source: @EmberCN on X https://x.com/EmberCN/status/1987901493509542328 The purchase lifts Bitmine's total ETH holdings to 3.505 million, valued at roughly $12.42 billion at the time reported. source: @EmberCN on X https://x.com/EmberCN/status/1987901493509542328 The reported blended cost basis stands at $4,020 per ETH, with an unrealized loss estimated at about $1.66 billion based on current valuation. source: @EmberCN on X https://x.com/EmberCN/status/1987901493509542328 The latest buy reduces the entity's average entry price relative to earlier levels, as noted in the disclosure. source: @EmberCN on X https://x.com/EmberCN/status/1987901493509542328 The incremental 110,000 ETH equals about 3.14% of the reported 3.505 million ETH position, a size metric relevant for positioning analysis. source: calculations based on figures reported by @EmberCN on X https://x.com/EmberCN/status/1987901493509542328 The implied mark price used in the valuation is approximately $3,543 per ETH, derived from $12.42 billion divided by 3.505 million ETH. source: calculations based on figures reported by @EmberCN on X https://x.com/EmberCN/status/1987901493509542328