Bitmine and SharpLink's Ethereum Staking Pool Total Loss Expands to $2.57 Billion, with mNAV Below 1

By: theblockbeats.news|2026/03/28 22:51:21

BlockBeats News, November 5th, according to strategicethreserve data, Bitmine (BMNR) ranked first in Ethereum institutional holdings, currently holding approximately 3.4 million ETH, worth about $11.32 billion, with a 20% increase in holdings in the past 30 days, an average cost of $4,037, and an unrealized loss of about $2.4 billion;

SharpLink (SBET) ranked second in Ethereum institutional holdings, currently holding 860,000 ETH, worth about $2.86 billion, with a 2.5% increase in holdings in the past 30 days, an average cost of $3,609, and an unrealized loss of about $170 million;

It is worth noting that the mNAV (Multiple Net Asset Value) of the two companies is currently 0.99 and 0.87, respectively. Bitmine's current market value is $11.236 billion, and SharpLink's current market value is $2.297 billion, both lower than their Ethereum holdings' value.

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