🔴 BITMINE FACES A MASSIVE $9.7B ETHEREUM LOSS!
BitMine holds 6.07 million ETH, purchased at an average price of around $3,353. With ETH near $1,750, its holdings are now worth approximately $10.6 billion, leaving the company nearly 48% underwater.
The bigger concern is growing financial pressure. Although these are unrealized losses, further ETH declines could test BitMine's treasury strategy and investor confidence.
⚠️ If a major corporate ETH holder starts selling, the market could face additional downside pressure.
#Ethereum #ETH #BitMine #Crypto
$BTC
$ETH
BitMine holds 6.07 million ETH, purchased at an average price of around $3,353. With ETH near $1,750, its holdings are now worth approximately $10.6 billion, leaving the company nearly 48% underwater.
The bigger concern is growing financial pressure. Although these are unrealized losses, further ETH declines could test BitMine's treasury strategy and investor confidence.
⚠️ If a major corporate ETH holder starts selling, the market could face additional downside pressure.
#Ethereum #ETH #BitMine #Crypto
$BTC
$ETH
