Key facts
- Fundstrat's BitMNR purchased 25,000 ETH for $41 million.
- Total ETH purchases over three days amount to 125,000 ETH, valued at $205 million.
- The firm's total ETH holdings are now 5.54 million.
- An estimated $9.9 billion in unrealized losses is associated with the holdings.
Fundstrat's BitMNR has significantly increased its Ethereum holdings, acquiring an additional 25,000 ETH for $41 million. This latest purchase brings the firm's total acquisition over the past three days to 125,000 ETH, valued at $205 million.
With these acquisitions, Fundstrat's BitMNR now holds a substantial 5.54 million ETH. Despite the large accumulation, the firm is reportedly facing an estimated $9.9 billion in unrealized losses on its holdings.