Analyst: ETH price has returned to above BitMine cost line

According to on-chain analyst Ember, Bitmine increased its holdings by 234,000 ETH (US$970 million) last week, bringing its total ETH holdings to 2.65 million, valued at US$ 11 billion. Bitmine's average cost of ETH is approximately US$4,026. Last week, when the ETH price fell below this cost line, Bitmine increased its holdings below this level. The price has now returned to this level.