The post Bitmine’s Ethereum Treasury Faces $6.9B Paper Losses in Market Slump appeared on BitcoinEthereumNews.com. Home » Crypto News The firm holds about $9.2The post Bitmine’s Ethereum Treasury Faces $6.9B Paper Losses in Market Slump appeared on BitcoinEthereumNews.com. Home » Crypto News The firm holds about $9.2

Bitmine’s Ethereum Treasury Faces $6.9B Paper Losses in Market Slump

4 min read

Home » Crypto News


The firm holds about $9.2 billion in ETH, down more than 41% from its nearly $15.7 billion total investment.

‘;
}
function loadTrinityPlayer(targetWrapper, theme,extras=””) {
cleanupPlayer(targetWrapper); // Always clean first ✅
targetWrapper.classList.add(‘played’);
// Create script
const scriptEl = document.createElement(“script”);
scriptEl.setAttribute(“fetchpriority”, “high”);
scriptEl.setAttribute(“charset”, “UTF-8”);
const scriptURL = new URL(`https://trinitymedia.ai/player/trinity/2900019254/?themeAppearance=${theme}${extras}`);
scriptURL.searchParams.set(“pageURL”, window.location.href);
scriptEl.src = scriptURL.toString();
// Insert player
const placeholder = targetWrapper.querySelector(“.add-before-this”);
placeholder.parentNode.insertBefore(scriptEl, placeholder.nextSibling);
}
function getTheme() {
return document.body.classList.contains(“dark”) ? “dark” : “light”;
}
// Initial Load for Desktop
if (window.innerWidth > 768) {
const desktopBtn = document.getElementById(“desktopPlayBtn”);
if (desktopBtn) {
desktopBtn.addEventListener(“click”, function () {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if (desktopWrapper) loadTrinityPlayer(desktopWrapper, getTheme(),’&autoplay=1′);
});
}
}
// Mobile Button Click
const mobileBtn = document.getElementById(“mobilePlayBtn”);
if (mobileBtn) {
mobileBtn.addEventListener(“click”, function () {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if (mobileWrapper) loadTrinityPlayer(mobileWrapper, getTheme(),’&autoplay=1′);
});
}
function reInitButton(container,html){
container.innerHTML = ” + html;
}
// Theme switcher
const destroyButton = document.getElementById(“checkbox”);
if (destroyButton) {
destroyButton.addEventListener(“click”, () => {
setTimeout(() => {
const theme = getTheme();
if (window.innerWidth > 768) {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if(desktopWrapper.classList.contains(‘played’)){
loadTrinityPlayer(desktopWrapper, theme,’&autoplay=1′);
}else{
reInitButton(desktopWrapper,’Listen‘)
const desktopBtn = document.getElementById(“desktopPlayBtn”);
if (desktopBtn) {
desktopBtn.addEventListener(“click”, function () {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if (desktopWrapper) loadTrinityPlayer(desktopWrapper,theme,’&autoplay=1’);
});
}
}
} else {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if(mobileWrapper.classList.contains(‘played’)){
loadTrinityPlayer(mobileWrapper, theme,’&autoplay=1′);
}else{
const mobileBtn = document.getElementById(“mobilePlayBtn”);
if (mobileBtn) {
mobileBtn.addEventListener(“click”, function () {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if (mobileWrapper) loadTrinityPlayer(mobileWrapper,theme,’&autoplay=1′);
});
}
}
}
}, 100);
});
}
})();


Summarize with AI


Summarize with AI

Bitmine, the crypto-focused firm chaired by Fundstrat co-founder Tom Lee, is sitting on more than $6.9 billion in unrealized losses on its Ethereum (ETH) holdings.

The situation highlights the severe impact of the recent crypto market correction on large, concentrated institutional bets.

Bitmine’s ETH Bet Comes Under Pressure

According to portfolio data from Dropstab, Bitmine holds about $9.2 billion worth of ETH, down more than 41% from its total investment of nearly $15.7 billion. The losses remain unrealized, but the scale has attracted attention, with Ethereum trading near seven-month lows following a market-wide sell-off that erased around $500 billion from total crypto market value in recent days.

The scrutiny has been amplified by commentary on X. For example, on January 30, investor Karol Kozicki criticized what he called the “prediction industrial complex,” pointing to Lee’s earlier calls for Bitcoin at $180,000 and ETH between $7,000 and $9,000 by the end of January. With BTC now hovering around $75,000 and Ethereum near $2,200, Kozicki described the forecasts as detached from market reality.

Another post from market watcher Shah claimed Lee would need prices near $7,000 to exit close to breakeven, noting that any large-scale sale could itself move the market. While the language used drew criticism, the post echoed a broader concern about liquidity and exit risk for large holders during stressed conditions.

Liquidations, Whale Moves, and What Comes Next for ETH

Bitmine’s losses coincided with a brutal period for ETH, which fell from above $3,000 earlier in the week to as low as $2,166, with CryptoQuant data showing more than $485 million in ETH long liquidations on January 31.

Currently, the world’s second-largest cryptocurrency by market cap is down nearly 23% in the last seven days and almost 28% over the past month. Trading volume has spiked 7.30% to more than $55 billion in 24 hours per CoinGecko, a sign of heightened activity as leveraged positions unwind.

You may also like:

On-chain data shows mixed behavior among large holders, with Lookonchain reporting that some whales are moving ETH to exchanges, including Trend Research, which deposited more than 33,000 ETH to Binance to repay Aave loans. At the same time, other large players have been buying through OTC desks, picking up more than 30,000 ETH in a matter of hours, suggesting disagreement among sophisticated investors about near-term direction.

Lee has previously argued that a historic deleveraging event in October 2025 damaged crypto market structure and increased volatility, even as he maintained a long-term view of Bitcoin as “digital gold.” But as it stands, Ethereum’s price action suggests that conviction alone offers limited protection during broad risk-off moves, especially when leverage and liquidity constraints collide.

SPECIAL OFFER (Exclusive)

SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).

Source: https://cryptopotato.com/bitmines-ethereum-treasury-faces-6-9b-paper-losses-in-market-slump/

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 service@support.mexc.com 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.

You May Also Like

MoneyGram launches stablecoin-powered app in Colombia

MoneyGram launches stablecoin-powered app in Colombia

The post MoneyGram launches stablecoin-powered app in Colombia appeared on BitcoinEthereumNews.com. MoneyGram has launched a new mobile application in Colombia that uses USD-pegged stablecoins to modernize cross-border remittances. According to an announcement on Wednesday, the app allows customers to receive money instantly into a US dollar balance backed by Circle’s USDC stablecoin, which can be stored, spent, or cashed out through MoneyGram’s global retail network. The rollout is designed to address the volatility of local currencies, particularly the Colombian peso. Built on the Stellar blockchain and supported by wallet infrastructure provider Crossmint, the app marks MoneyGram’s most significant move yet to integrate stablecoins into consumer-facing services. Colombia was selected as the first market due to its heavy reliance on inbound remittances—families in the country receive more than 22 times the amount they send abroad, according to Statista. The announcement said future expansions will target other remittance-heavy markets. MoneyGram, which has nearly 500,000 retail locations globally, has experimented with blockchain rails since partnering with the Stellar Development Foundation in 2021. It has since built cash on and off ramps for stablecoins, developed APIs for crypto integration, and incorporated stablecoins into its internal settlement processes. “This launch is the first step toward a world where every person, everywhere, has access to dollar stablecoins,” CEO Anthony Soohoo stated. The company emphasized compliance, citing decades of regulatory experience, though stablecoin oversight remains fluid. The US Congress passed the GENIUS Act earlier this year, establishing a framework for stablecoin regulation, which MoneyGram has pointed to as providing clearer guardrails. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/moneygram-stablecoin-app-colombia
Share
BitcoinEthereumNews2025/09/18 07:04
Solana Treasury Firm Holdings Could Double as Forward Industries Unveils $4 Billion Raise

Solana Treasury Firm Holdings Could Double as Forward Industries Unveils $4 Billion Raise

The post Solana Treasury Firm Holdings Could Double as Forward Industries Unveils $4 Billion Raise appeared on BitcoinEthereumNews.com. In brief Forward Industries, the largest publicly traded Solana treasury company, filed to raise $4 billion through an at-the-market equity offering to expand its SOL holdings. The company’s stock (FORD) fell 8.2% following the announcement, while the proceeds could more than double the $3.1 billion currently held in Solana treasuries. DeFi Development Corp. also registered a preferred stock offering with the SEC, following similar funding tactics used by Bitcoin treasury companies like MicroStrategy. Forward Industries, the newest and largest publicly traded Solana treasury company, has filed to raise $4 billion through an at-the-market equity offering. For the sake of comparison, this $4 billion raise is nearly the same size as Bitcoin treasury Strategy’s Stride preferred stock raise in July. And it’s double the size of the Strife preferred stock offering the company did in May. The proceeds would be used for working capital; pursuit of its Solana token strategy, and “the purchase of income-generating assets to grow its business,” the company said in a press release. Forward Industries declined to comment to Decrypt on what other income-generating assets it’s considering adding to its balance sheet.  As markets opened Wednesday morning, Forward saw its stock price take a dive. The shares, which trade under the FORD ticker on the Nasdaq, dipped to $31.29 before rebounding to $34.28 at the time of writing—marking a 8.2% fall for the session. If the company sells all the shares and spends the bulk of the proceeds on buying Solana, it could more than double the amount of SOL being held in treasuries. At the time of writing, there’s already $3.1 billion in Solana treasuries, according to crypto price aggregator CoinGecko. Users on Myriad, a prediction market owned by Decrypt parent company DASTAN, have been growing more confident that SOL will reach $250 sooner than…
Share
BitcoinEthereumNews2025/09/18 12:43
Microsoft plans to invest $4 billion in building a second AI data center in Wisconsin

Microsoft plans to invest $4 billion in building a second AI data center in Wisconsin

Microsoft will invest $4 billion to build a second AI data center in Wisconsin, bringing its total investment in the region to over $7 billion.
Share
Cryptopolitan2025/09/19 03:05