🚨 JUST IN: BitMine Reports MASSIVE $6.3 BILLION Loss — And STOPS Buying ETH?! 😱📉
The biggest Ethereum treasury play just dropped a BOMBSHELL!
Fiscal 2026 Report (to Aug 31):
- Net Loss: $6.3 BILLION 💸
- Reason: Mostly NON-CASH loss on ETH holdings
- ETH Held: 4.97% of ALL Ethereum Supply!
- Almost at its 5% limit — So buying is about to STOP
So where will new coins come from now?
👉 STAKING!
- Staked ETH: 5.2 MILLION ETH
- Estimated Annual Staking Rewards: $309 MILLION / year 🔥
Strategy Change:
No more buying ETH with cash...
Now EARN ETH by staking the ETH they already own.
Tom Lee's BitMine is now basically an Ethereum yield machine.
Is this smart or scary?
🟢 = Bullish — 5% of ETH + $309M staking income = Genius
🔴 = Bearish — $6.3B loss is $6.3B loss
ETH Price in Report: $2,074.20 (+2.66%)
#BitmineReports$6.3BFiscal2026Loss
