On November 5th, according to strategicethreserve data, Bitmine (BMNR) ranked first in Ethereum institutional holdings, currently holding about 3.40 million ETH, worth about $11.32 billion, nearly 30 days of holdings increased by 20%, the average cost price of $4,037, floating loss of about $2.40 billion;
SharpLink (SBET) ranks second in Ethereum institutional holdings, currently holding 860,000 ETH, worth about $2.86 billion, an increase of 2.5% in the past 30 days, with an average cost of $3,609 and a floating loss of about $170 million;
It is worth noting that the mNAV (net asset value multiple) of the two companies is currently 0.99 and 0.87 respectively, Bitmine's current market capitalization is $11.236 billion, and SharpLink's current market capitalization is $2.297 billion, both below the value of their Ethereum holdings.
Bitmine and Sharp Link's combined Ethereum holdings widened to $2.57 billion, with mNAV both below 1.
2025-11-05 06:29:06
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