The post BitMine Faces $7.4 Billion Ethereum Losses appeared first on Coinpedia Fintech News BitMine Immersion Technologies, led by Tom Lee, is reporting over $The post BitMine Faces $7.4 Billion Ethereum Losses appeared first on Coinpedia Fintech News BitMine Immersion Technologies, led by Tom Lee, is reporting over $

BitMine Faces $7.4 Billion Ethereum Losses

1 min read
BitMine Faces $7.4 Billion Ethereum Losses

The post BitMine Faces $7.4 Billion Ethereum Losses appeared first on Coinpedia Fintech News

BitMine Immersion Technologies, led by Tom Lee, is reporting over $7.4 billion in unrealized losses on its 4.285 million ETH holdings, bought at an average of $3,830 per coin, now worth below $2,100, while Ethereum has fallen below current levels. Despite these paper losses, the company continues its Ethereum treasury strategy, adding more ETH during the downturn and staking a large portion of its holdings to earn yield. Lee emphasizes that such drawdowns are normal in a long-term treasury approach, reflecting broader market cycles rather than a flaw in strategy. BitMine’s Ethereum holdings, roughly 3.5% of circulating ETH, show both its conviction in the market and the risks involved in deep crypto treasury plays.

Market Opportunity
4 Logo
4 Price(4)
$0.00995
$0.00995$0.00995
+1.11%
USD
4 (4) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.