BitMine’s 4.2M ETH Treasury Shows Billions in Paper Losses as ETH Struggles at $2K
BitMine’s 4.2 million ETH treasury has seen substantial paper losses as Ether hovers around the $2,000 mark, leaving the stash worth roughly $8.4 billion and eroding billions from the company’s balance sheet. The sustained bearish trend in ETH price and persistent selling pressure have intensified market chatter about whether large holders like BitMine might be forced to trim positions or tap funding lines.
Concentrated reserves can amplify market moves, so any forced selling or disclosed stress would likely add downward pressure on ETH and ripple through crypto risk sentiment. Traders and counterparties are watching BitMine’s disclosures, margin positions and liquidity access for signs of distress, while the wider market monitors whether Ethereum can re-establish support above $2,000 to stave off further headline-driven volatility. Regulators and exchanges may also react if volatility spikes.