The post BitMine Faces $6 Billion Unrealized Loss on 4.24M ETH Amid Continued Strategic Accumulation appeared on BitcoinEthereumNews.com.

TLDR: BitMine holds over 4.24 million ETH, facing a $6 billion unrealized loss as Ethereum trades below acquisition cost.  Ethereum currently trades near $2,300, about 40% below BitMine’s average purchase price of roughly $3,800 per ETH.  The firm continues accumulating ETH, adding 40,302 coins in late January 2026 despite the ongoing market downturn.  Approximately 1.84 million ETH are staked, generating projected annual revenue of over $400 million before taxes.   BitMine Ethereum Loss continues to grow as the firm faces a $6 billion unrealized loss. Despite Ethereum trading near $2,300, the company maintains accumulation and staking strategies, signaling a commitment to long-term network exposure. BitMine’s Ethereum Exposure and Market Position BitMine Immersion Technologies, chaired by Tom Lee, currently holds over 4.24 million ETH, representing about 3.5% of the total circulating supply. Total invested capital surpasses $15.6 billion, while the current portfolio value sits near $9.7 billion.  This places the unrealized loss at around $6 billion. Despite market volatility, BitMine continues strategic accumulation.  In late January 2026 alone, the firm purchased an additional 40,302 ETH, worth roughly $117 million at current prices. Analysis of transaction data shows this acquisition pattern, suggesting deliberate treasury construction rather than opportunistic buying. While some reports cite the unrealized loss as high as $6.9 billion, official portfolio tracking places it closer to $5.95 billion. Analyst @CryptoNobler emphasizes the scale of the position and potential market sensitivity if liquidation were ever required. BREAKING TOM LEE’S BITMINE IS CURRENTLY SITTING ON A $6.9 BILLION LOSS ON ETHEREUM. THEIR STOCK DUMPED 84% AND IS NOW AT RISK OF DELISTING AND FULL LIQUIDATION. THE SCARY PART? WE HAVEN’T EVEN ENTERED THE BEAR MARKET YET… pic.twitter.com/jfveZnPWmW — 0xNobler (@CryptoNobler) January 31, 2026 Unlike leveraged traders, BitMine’s Ethereum holdings are primarily on the balance sheet. This reduces the immediate risk of forced…

---

Filed under: News - @ February 1, 2026 4:27 pm