BitMine Faces $7B Unrealized Loss as Ethereum Slides Below $2,100
February 5, 2026
BitMine Immersion Technologies, the Ethereum-treasury company led by Fundstrat’s Tom Lee, is facing intensifying pressure after a sharp drop in ether prices pushed the firm deep into unrealized losses. As of Feb. 5, Ethereum fell to a local low of $2,092, leaving BitMine’s holdings of roughly 4.285 million ETH with …
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