Foresight News posted on X (formerly Twitter) that BitMine’s losses remain around $6.2 billion, amid ongoing debate about ETH’s long-term value. During a panel discussion at ETHGlobal Pragma Mumbai, Vitalik Buterin discussed whether ETH should be viewed as a fee-collecting token or a store of value, saying the two approaches require different priorities. He added that maximizing value through fee collection is essentially like running a company; successful companies often rely on strict governance rather than detailed rules that constrain them in the long run.
The post also cited the latest results from two Ethereum treasury companies. BitMine holds around 6.07 million ETH, equivalent to 4.97% of the supply, bringing it close to Tom Lee’s 5% target. It reported a net loss of $6.3 billion for fiscal year 2026, mostly unrealized losses resulting from falling ETH prices. Staking generated around $121 million in revenue, less than its $377 million in management expenses.
#eth
The post also cited the latest results from two Ethereum treasury companies. BitMine holds around 6.07 million ETH, equivalent to 4.97% of the supply, bringing it close to Tom Lee’s 5% target. It reported a net loss of $6.3 billion for fiscal year 2026, mostly unrealized losses resulting from falling ETH prices. Staking generated around $121 million in revenue, less than its $377 million in management expenses.
#eth