A dashboard shared by trader Flood on Nov. 13 estimated BitMine's unrealized Ethereum loss at $8.83 billion using an assumed purchase cost. The calculation combines BitMine's November holdings with an average acquisition cost derived from August accounts. BitMine's November release did not disclose an updated aggregate purchase cost. The estimate does not establish a realized cash loss. BitMine chairman Lee's bullish Ethereum comments appeared before Flood's criticism and were not a response.
