Tom Lee’s BitMine Faces Massive Unrealized Loss as ETH and BMNR Stock Tumble

Benzinga_recent_news05:45

BitMine, which has become the biggest Ethereum (CRYPTO: ETH) holder in the world, will likely report a huge unrealized loss since the coin has slumped since it started its accumulation. BitMine has ...

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class=\"title\">\nTom Lee’s BitMine Faces Massive Unrealized Loss as ETH and BMNR Stock Tumble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-05 05:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/equities/26/07/60268987/tom-lees-bitmine-faces-massive-unrealized-loss-as-eth-and-bmnr-stock-tumble><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BitMine, which has become the biggest Ethereum (CRYPTO: ETH) holder in the world, will likely report a huge unrealized loss since the coin has slumped since it started its accumulation.\nBitMine has ...</p>\n\n<a href=\"https://www.benzinga.com/markets/equities/26/07/60268987/tom-lees-bitmine-faces-massive-unrealized-loss-as-eth-and-bmnr-stock-tumble\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MSTU","symbol_name":"2倍做多MSTR 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Lee的BitMine面临巨额未实现损失","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/213733622ff5b254e3193986ff13f89f","symbols_score_info":{"MSTY":0.6,"MST":0.6,"ARKY":1.5,"ETU":1.5,"ETHA":1.5,"MSDD":0.6,"ETH":1.5,"MSTR":1,"BEGS":1.5,"BMNG":0.6,"ETHE":1.5,"ETHT":1.5,"MSTU":0.6,"QETH":1.5,"BETH":1.5,"ETHD":1.5,"09179":0.9,"ETHV":1.5,"FETH":1.5,"03009":0.9,"03179":0.9,"EZET":1.5,"LFGY":0.9,"MSTY.UK":0.6,"BETE":1.5,"09046":0.9,"NCIQ":1.5,"09799":0.6,"07799":0.6,"EETH":1.5,"ETHW":1.5,"BITW":0.9,"BMNU":0.6,"AETH":1.5,"03046":0.9,"GDLC":0.9,"BKCH":0.9,"YBMN":0.6,"YETH":1.5,"09009":0.9,"STCE":1.5,"CRPT":1.5,"WNTR":0.6,"BTF":1.5,"BITQ":0.9,"CETH":0.9,"BMNR":1.5,"ETHU":1.5},"content_text":"BitMine, which has become the biggest Ethereum (CRYPTO: ETH) holder in the world, will likely report a huge unrealized loss since the coin has slumped since it started its accumulation.\nBitMine has continued its dollar-cost averaging this month, bringing its total holdings to 5.7 million. Its total holdings are now worth $10.16 billion. At Ethereum’s highest point last year, this value would be worth over $26 billion. \nWorse, BitMine’s challenges may continue in the coming months as Ethereum’s fundamentals have worsened. For example, the spot Ethereum ETFs have shed over $1.3 billion in assets this year, with the net assets falling to $9 billion.\nData shows that Ethereum is no longer making as much money as it used to make a few years ago. Its chain fees has dropped to $92.7 million this year, much lower than the $523 million it made last year. \nSimilarly, the supply of stablecoins on the platform fell to $153 billion from its year-to-date high of $168 billion. This is significant because stablecoins are among Ethereum’s largest use cases.\nWhile BitMine is facing major challenges, there are signs that it is better positioned than Michael Saylor’s Strategy (NASDAQ:MSTR). \nStrategy accumulates Bitcoin, which pays no return. On the other hand, BitMine buys Ethereum, which generates a 3% return annually. \nBitMine also has no debt, unlike Strategy, which carries more than $6 billion in debt. This means the company incurs no interest expense, giving it greater financial flexibility to repurchase its shares when it completes its Ethereum accumulation later this year. \nBitMine’s challenges comes as its stock remains below all moving averages, a sign that bears remain in control. It also formed a descending channel and a small evening star candlestick pattern. This pattern points to a brief reversal in the near term.\nImage: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.0","shortVersion":"4.45.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2649195618","isCrawlerRequest":true}