According to @EmberCN, Bitmine disclosed purchasing 264,000 ETH (~$1.2B) last week, bringing total ETH holdings to 2.416 million. Source: Bitmine on X @BitMNR: https://x.com/BitMNR/status/1970113351016468683; @EmberCN on X: https://twitter.com/EmberCN/status/1970138196387438959. Based on Bitmine’s weekly add data and the week’s average ETH price, @EmberCN estimates Bitmine’s average cost at about $4,016, with spot ETH trading within $200 of that level. Source: @EmberCN on X: https://twitter.com/EmberCN/status/1970138196387438959. The 264,000 ETH addition equals roughly 10.9% of Bitmine’s current 2.416 million ETH stack, setting a clear cost basis reference for traders around $4,016. Source: figures from Bitmine @BitMNR and @EmberCN posts above.