PANews reported on November 12 that, according to on-chain analyst @ai_9684xtpa, a new address that received 24,007.35 ETH from the Galaxy Digital OTC address in the past 12 hours belongs to Bitmine and has been flagged by Arkham. Combined with their latest disclosure on November 10, Bitmine's latest ETH holdings have increased to 3.529 million, with a total value of $12.84 billion.

Regarding costs, the $3,639 mentioned by Bitmine in its self-disclosure on November 10th should be the Bloomberg terminal price; the actual average cost of ETH prior to that was $4,020. Including newly established positions, the cost of the cumulative 3,529,730.35 ETH has been updated to $4,016.2, meaning a current unrealized loss of $2.01 billion.