BitMine’s Unrealized Ether Loss Swells to $7.3 Billion, May Reach $10.1 Billion
Summary
- BitMine’s unrealized loss on its Ether (ETH) holdings has widened to about $7.3 billion.
- BitMine accumulated about 5.28 million ETH at an average purchase price of $3,513 after its private fundraising in July 2025.
- Cointelegraph said a bearish rising-wedge pattern could send ETH down to $1,600, pushing BitMine’s unrealized loss to as much as $10.1 billion.
Forecast Trend Report by Period
BitMine, led by Tom Lee, has seen unrealized losses on its Ether holdings deepen.
Cointelegraph reported on May 24 that the company’s unrealized loss had widened to about $7.3 billion after Ether recently fell to the low-$2,000 range.
BitMine began aggressively accumulating Ether after raising about $250 million in a private placement in July 2025. The company now holds about 5.28 million ETH at an average purchase price of about $3,513, the report said. That equals roughly 4.37% of Ether’s circulating supply.
The losses could grow further if Ether’s weakness persists. Cointelegraph said the chart is forming a bearish rising-wedge pattern, and a downside break could drag Ether to around $1,600 in July or August. In that scenario, BitMine’s unrealized loss could widen to about $10.1 billion.
