📰 【Tom Li's BitMine suffers $3.8 billion quarterly loss due to Ethereum price plummet】


Leading Ethereum asset management firm BitMine Immersion Technologies recorded significant losses due to unrealized Ethereum losses.

Wow, BitMine lost 3.8 billion this quarter? It's all because of treating Ethereum as a treasury asset. These so-called “professional” institutions, what’s the difference from retail investors chasing rallies and selling in panic? Buying at high prices, pretending to be dead when prices fall, and just writing “unrealized losses” in the financial report. Remember, in the crypto world, don’t believe in the nonsense of “value storage,” liquidity is the real boss. If you can’t hold, don’t imitate others hoarding coins; isn’t it better to do some swing trading honestly?
ETH1,03%
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