Its performance is notable as BitMine has become the biggest holder of Ethereum with over 5.4 million tokens worth $8.8 billion. At Ethereum's peak price of $4,948, these coins would be worth over $26 billion. Its unrealized loss is over $10 billion. Further, key Ethereum metrics have deteriorated, with its decentralized finance (DeFi) total value falling to $37 billion from last year's high of over $98 billion. It has made just $84 million in chain fees this year, meaning that it will likely not cross last year's $523 million.