🪙 BitMine’s ETH Treasury Hit by Heavy Losses
BitMine Immersion Technologies is facing over $6 billion in unrealized losses on its large Ethereum holdings after ETH prices dropped sharply during the recent market sell-off. The company holds millions of ETH, and the decline has significantly reduced the value of its crypto treasury.
A portion of BitMine’s ETH is staked, which limits short-term flexibility to sell during market stress. The situation highlights the risk of concentrated exposure to a single crypto asset as volatility remains high across the market.
#BitMine #Ethereum #CryptoTreasury #UnrealizedLosses #MarketVolatility
ETH
1,934.77
-1.76%
BTC
66,130
-1.45%
XRP
1.3521
-1.98%