Bitmine faces over $6.8B in unrealized losses despite ETH recovery

Despite a recovery in the price of Ethereum (ETH), Bitmine (BMNR) is facing over $6.8 billion in unrealized losses. According to data from bmnr.rocks, Bitmine currently holds approximately 5.77 million ETH, with an average purchase price of $3,106. Meanwhile, ETH is trading at $1,938.83, up 4.17% over the past 24 hours, according to CoinMarketCap.