Bitmine, SharpLink face $2.57B in total unrealized ETH losses

According to data from the Strategic ETH Reserve, Nasdaq-listed companies Bitmine and SharpLink, which are heavily invested in ETH, are facing a combined unrealized loss of $2.57 billion on their holdings. Bitmine currently holds approximately 3.4 million ETH, valued at $11.32 billion, with an average purchase price of $4,037. The company's unrealized loss amounts to $2.4 billion. SharpLink holds 860,000 ETH, worth $2.86 billion, with an average purchase price of $3,609, resulting in an unrealized loss of $170 million.