Ethereum Reserves Remain Profitable Amidst Price Dip

Despite a recent 9% price decline from its peak over the weekend for ETH, two major Ethereum reserve institutions remain profitable. BMNR’s cost-based valuation of Ethereum currently stands at $3,827, representing a 13.8% profit margin. Their total unrealized gains are estimated at $679 million. Similarly, SBET’s costs stand at $3,571, translating to a 22% profit margin and $571 million in total unrealized gains. These companies may provide further insights into their Ethereum holdings later this week.