BitMine's Ethereum Holdings Face $7.35 Billion Unrealized Loss

As of May 24, BitMine (BMNR), an Ethereum treasury company, currently holds 5.28 million ETH, accounting for approximately 4.37% of the total ETH supply. With ETH having retraced over 57% from its peak in October 2025, BitMine's current unrealized loss has expanded to about $7.35 billion. BitMine initiated its Ethereum treasury strategy in July 2025 and has continued to increase its ETH holdings during the decline. The company's average holding cost is approximately $3,513. BitMine's chairman, Tom Lee, has previously stated that ETH has historically experienced 'V-shaped recoveries' after significant pullbacks, suggesting that the current decline may still represent a long-term buying opportunity.
BMNR-3.62%
ETH-0.55%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned