Crypto & Web3
impact 16
BitMine acquires 101,000 ETH despite $6.5B in unrealized losses
BitMine acquires 101,000 ETH despite $6.5B in unrealized losses The crypto treasury company continues to buy Ether and earn staking rewards, even as price swings leave billions in unrealized losses on its balance sheet.
Why it matters
This signals a broader shift in unrealized. The real question is whether losses moves the needle for practitioners.