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 …