Losses narrow to $2.71 billion, Bitmine holds nearly 5.96 million ETH

Odaily reports that as Ethereum's price approaches $2,700, Bitmine's total holdings had previously seen losses widen to $10 billion. The company currently holds 5,956,378 ETH at an average cost of approximately $3,340, of which 5,067,309 ETH has been staked, accounting for 85% of total holdings, valued at approximately $12.7 billion, with current annualized staking rewards of approximately $334 million.