BitMine is at a loss of 6 billion dollars in Ethereum investments.

BitMine Image Shaken

BitMine Immersion has witnessed over 6 billion dollars in losses on paper due to the recent Ethereum losses, with the value of its 4.24 million Ethereum holdings dropping to 9.6 billion dollars. It's worth noting that this value was about 14 billion dollars last October.

The company's recent purchase of 40,000 Ethereum has brought its financial strategy into focus. Large-scale institutional crypto assets have the potential to exacerbate losses when markets decline and liquidity tightens.

Tom Lee, as the company's president, adopted a more cautious stance on the short-term outlook. He warned that the market is still deleveraging and that conditions could remain challenging until early 2026. The annual staking revenue of approximately 164 million dollars provides limited protection against sudden price drops.