BitMine's ETH Vault Suffers Heavy Losses BitMine's ETH vault accumulation strategy has resulted in unrealized losses of up to $6.7 billion following the recent market correction. Currently, ETH is trading well below the company's average cost of $3,883, and the position has fallen by approximately 40%. Market expectations remain pessimistic: Polymarket predicts an 86% probability that ETH will fall below $2,000, while 59% of the market expects it to drop to around $1,500 by 2026.