Bitmain's unrealized ETH loss estimated to top $8B

Bitmain's (BMNR) unrealized loss on its Ethereum (ETH) holdings is estimated to have surpassed $8 billion, according to data compiled by Dropstab. The company holds approximately 4.29 million ETH at an average purchase price of $3,825, with its current unrealized loss estimated at around $8.01 billion.