# BitMine’s Ether (ETH) Holdings Show a $9.7 Billion Paper Loss

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/57551
Published: 2026-11-14T22:59:35.000Z
Updated: 2026-11-14T22:59:35.000Z
Section: Business

> The company held 6,070,092 ETH as of Nov. 8, at an estimated average cost of $3,352.58 per ETH.

Using an approximate ETH price of $1,753, BitMine’s 6,070,092 Ether (ETH) holdings as of Nov. 8 carried an estimated paper loss of about $9.7 billion.

At that price, the holdings were worth about $10.64 billion, compared with an estimated total cost of $20.35 billion. The gap represents about 47.7% of estimated cost, based on an average cost of $3,352.58 per ETH.

The Nov. 8 balance was 9,586 ETH above the 6,060,506 ETH figure in the Nov. 1 [holdings update](<https://www.tokenpost.com/news/investing/48834>).



## Links in this article

- [holdings update](https://www.tokenpost.com/news/investing/48834)