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bitmine
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Even the biggest names are getting absolutely crushed right now. Seeing these titans bleed this much is a wild wake-up call for everyone.
→ Bitmine is sitting on a massive $8.9B hole with their $ETH stack.
→ Strategy is underwater by about $7.6B on their $BTC holdings.
Watching billions vanish in a flash is just part of the game. Stay focused while the giants struggle.
#strategy #Bitmine
→ Bitmine is sitting on a massive $8.9B hole with their $ETH stack.
→ Strategy is underwater by about $7.6B on their $BTC holdings.
Watching billions vanish in a flash is just part of the game. Stay focused while the giants struggle.
#strategy #Bitmine
Z Y R A:
This is why size does not remove risk. Big wallets can survive drawdowns, but the market still uses them as liquidity signals when their unrealized losses get this loud.
JUST IN: Bitmine to raise up to $300 million through a preferred stock offering to acquire more ETH.
The company's ETH portfolio is currently sitting on a $9.6 billion unrealized loss
#Bitmine #CryptoNewss
#ETHETFS
The company's ETH portfolio is currently sitting on a $9.6 billion unrealized loss
#Bitmine #CryptoNewss
#ETHETFS
🚨 TOM LEE’S BITMINE IS DOWN ALMOST $9 BILLION ON ETHEREUM!
BitMine Immersion Technologies is sitting on a massive $8.86 BILLION unrealized loss on its Ethereum treasury.
The world’s largest corporate ETH holder is feeling the heat as paper losses pile up — even while they keep stacking more ETH.
Is this a legendary long-term bet… or a painful reminder that crypto treasuries can go both ways?
What’s your take on Tom Lee’s big ETH play?
#Ethereum #ETH #BitMine #Crypto #BMNR
$ETH
BitMine Immersion Technologies is sitting on a massive $8.86 BILLION unrealized loss on its Ethereum treasury.
The world’s largest corporate ETH holder is feeling the heat as paper losses pile up — even while they keep stacking more ETH.
Is this a legendary long-term bet… or a painful reminder that crypto treasuries can go both ways?
What’s your take on Tom Lee’s big ETH play?
#Ethereum #ETH #BitMine #Crypto #BMNR
$ETH
Market’s shaky, ETH is under pressure, but Tom Lee’s #Bitmine doesn’t seem to care🥳.
11 hours ago, Bitmine reportedly received another 25,000 ETH, worth roughly $47.98M, from BitGo through a new wallet address, continuing a buying streak that’s getting harder to ignore. While broader markets are soft and sentiment around crypto has cooled, Bitmine appears to be adding size instead of stepping back, treating weakness more like an opportunity than a warning sign.
At this point, it’s starting to feel less like short-term positioning and more like a high-conviction $ETH accumulation strategy.
When everyone else gets nervous and one player keeps buying tens of millions in ETH… people tend to notice.
Address: 0x873Fd7Ab30c9507Fb0e57c1F2b0C651b0Fd13bB9
11 hours ago, Bitmine reportedly received another 25,000 ETH, worth roughly $47.98M, from BitGo through a new wallet address, continuing a buying streak that’s getting harder to ignore. While broader markets are soft and sentiment around crypto has cooled, Bitmine appears to be adding size instead of stepping back, treating weakness more like an opportunity than a warning sign.
At this point, it’s starting to feel less like short-term positioning and more like a high-conviction $ETH accumulation strategy.
When everyone else gets nervous and one player keeps buying tens of millions in ETH… people tend to notice.
Address: 0x873Fd7Ab30c9507Fb0e57c1F2b0C651b0Fd13bB9
Lost 9.2 billion in unrealized losses and still thinking about issuing preferred shares to raise cash? Bitmine's move is a classic MAGA in the crypto scene, treating shareholders like an ATM.
Essentially, it's like drawing up future profits to plug current holes, and with on-chain collateral liquidation issues still unresolved, who in their right mind would want to take on these preferred shares? Only the brave would dare to catch this falling knife 🫡 #Bitmine $ETH
Essentially, it's like drawing up future profits to plug current holes, and with on-chain collateral liquidation issues still unresolved, who in their right mind would want to take on these preferred shares? Only the brave would dare to catch this falling knife 🫡 #Bitmine $ETH
Bitmine is looking to mimic Strategy by issuing $300 million in perpetual preferred stock, with an annual dividend of up to 9.5%
According to BlockBeats, on June 4th, Bitmine Immersion Technologies filed with the SEC to issue 3 million shares of 9.50% Series A perpetual preferred stock, with a par value of $100 per share, aiming to raise a total of $300 million. This preferred stock will accumulate dividends at an annualized rate of 9.5%, paid out weekly in cash. The company holds a call option: it can redeem at 110% of par value within 18 months, 105% between 18 months to 3 years, and at 100% after 3 years.
Why it matters: Bitmine becomes the second crypto mining company after Strategy to conduct capital operations through perpetual preferred stock, with a 9.5% annual dividend offering an unprecedented high-yield fixed-income product for the crypto sector.
#Bitmine #比特币 #矿业 #永续优先股 #Web3
According to BlockBeats, on June 4th, Bitmine Immersion Technologies filed with the SEC to issue 3 million shares of 9.50% Series A perpetual preferred stock, with a par value of $100 per share, aiming to raise a total of $300 million. This preferred stock will accumulate dividends at an annualized rate of 9.5%, paid out weekly in cash. The company holds a call option: it can redeem at 110% of par value within 18 months, 105% between 18 months to 3 years, and at 100% after 3 years.
Why it matters: Bitmine becomes the second crypto mining company after Strategy to conduct capital operations through perpetual preferred stock, with a 9.5% annual dividend offering an unprecedented high-yield fixed-income product for the crypto sector.
#Bitmine #比特币 #矿业 #永续优先股 #Web3
Bitmine just added 52M USD in ETH as they eye 5 percent of total supply. Tom Lee suggests ETH strength is still undervalued. Huge accumulation happening. #ETH #Ethereum #CryptoNews #Bitmine
Have you ever thought about building a "safety net" for your investments amidst the relentless market fluctuations? 🛡️
In the crypto world, where the waves are ever-accelerating, BitMine, led by Tom Lee, has decided to take a bold and completely different step. The company has launched a preferred stock offering valued at $300 million, a move that reflects a savvy strategy that major companies are starting to adopt to bolster their financial stability.
Here’s what you need to know about this development:
Stable annual return: The company is offering a return of 9.5%, opening a new door for income away from the hustle and bustle of daily trading.
Big players' strategy: This move comes as a calculated step to face market pressures, just like major companies in the Bitcoin sector do.
Ambitious expansion: The offering includes 3 million shares, with strong aspirations for listing on the New York Stock Exchange (NYSE) under the ticker BMNP.
This step reminds us that successful investing isn't always about chasing quick trades, but about seeking solid assets capable of weathering the storms. It's like building a solid concrete base for a house that the winds can't shake. 🏗️
Do you think this trend towards "preferred stocks" will be the next big thing for companies in the digital currency sector? Share your thoughts in the comments, do you prefer high liquidity or long-term stability? $BMNRon
$BTC
#استثمار #Bitmine #تداول #BinanceSquare #العملات_الرقمية
In the crypto world, where the waves are ever-accelerating, BitMine, led by Tom Lee, has decided to take a bold and completely different step. The company has launched a preferred stock offering valued at $300 million, a move that reflects a savvy strategy that major companies are starting to adopt to bolster their financial stability.
Here’s what you need to know about this development:
Stable annual return: The company is offering a return of 9.5%, opening a new door for income away from the hustle and bustle of daily trading.
Big players' strategy: This move comes as a calculated step to face market pressures, just like major companies in the Bitcoin sector do.
Ambitious expansion: The offering includes 3 million shares, with strong aspirations for listing on the New York Stock Exchange (NYSE) under the ticker BMNP.
This step reminds us that successful investing isn't always about chasing quick trades, but about seeking solid assets capable of weathering the storms. It's like building a solid concrete base for a house that the winds can't shake. 🏗️
Do you think this trend towards "preferred stocks" will be the next big thing for companies in the digital currency sector? Share your thoughts in the comments, do you prefer high liquidity or long-term stability? $BMNRon
$BTC
#استثمار #Bitmine #تداول #BinanceSquare #العملات_الرقمية
#strategy y #Bitmine are sitting on unrealized losses of over USD $15 billion after the crypto market crash.
The recent drop of #bitcoin y #Ethereum has generated significant unrealized losses for some of the largest crypto treasury firms in the market. Strategy is facing latent losses nearing USD $7.25 billion on its BTC reserves, while Bitmine is reporting estimated unrealized losses of USD $8.74 billion on its ETH position.
Strategy is up against latent losses on its Bitcoin reserves.
According to reported data, Strategy currently holds 843,706 BTC on its corporate balance sheet.
The company built that position with an average cost close to USD $75,699 per bitcoin. However, the recent market drop temporarily pushed $BTC down to the USD $65,000 zone, significantly widening the gap between the acquisition price and the current quotation.
Bitmine also feels the impact of the Ethereum downturn.
The bearish pressure hasn’t been favorable for companies focused on Ethereum either.
Bitmine, currently considered one of the largest corporate holders of $ETH in the world, maintains approximately 5,416,901 ethers in its treasury.
Despite the negative context, some market players are still watching for potential catalysts for recovery.
Among them is the progress of regulatory initiatives like the CLARITY Act in the United States, a project aimed at establishing a clearer legal framework for digital assets, which could help to bolster institutional confidence.
For now, both Strategy and Bitmine remain among the leading players in the institutional bet on cryptocurrencies, although the recent volatility demonstrates that even the largest corporate holders are not immune to bearish market cycles.
The recent drop of #bitcoin y #Ethereum has generated significant unrealized losses for some of the largest crypto treasury firms in the market. Strategy is facing latent losses nearing USD $7.25 billion on its BTC reserves, while Bitmine is reporting estimated unrealized losses of USD $8.74 billion on its ETH position.
Strategy is up against latent losses on its Bitcoin reserves.
According to reported data, Strategy currently holds 843,706 BTC on its corporate balance sheet.
The company built that position with an average cost close to USD $75,699 per bitcoin. However, the recent market drop temporarily pushed $BTC down to the USD $65,000 zone, significantly widening the gap between the acquisition price and the current quotation.
Bitmine also feels the impact of the Ethereum downturn.
The bearish pressure hasn’t been favorable for companies focused on Ethereum either.
Bitmine, currently considered one of the largest corporate holders of $ETH in the world, maintains approximately 5,416,901 ethers in its treasury.
Despite the negative context, some market players are still watching for potential catalysts for recovery.
Among them is the progress of regulatory initiatives like the CLARITY Act in the United States, a project aimed at establishing a clearer legal framework for digital assets, which could help to bolster institutional confidence.
For now, both Strategy and Bitmine remain among the leading players in the institutional bet on cryptocurrencies, although the recent volatility demonstrates that even the largest corporate holders are not immune to bearish market cycles.
Verified
Interesting contrast playing out in crypto right now🥶. " ONE SELLING , ONE BUYING "
While #strategy has started fueling fresh debate around a possible BTC sale, Tom Lee’s #bitmine seems to be doing the exact opposite on the ETH side , quietly adding more size.
Last week, Bitmine reportedly bought another 26,497 $ETH , worth roughly $52.6M, continuing its steady accumulation trend. With that purchase, the firm’s total holdings have climbed to around 5.42M ETH, now valued near $10.75B.
The timing is what stands out: as narratives swirl around whether major players are trimming Bitcoin exposure, Bitmine appears to be leaning harder into Ethereum instead.
At this scale, it feels less like trading and more like a long-term conviction bet on ETH becoming a core institutional asset.
Sometimes the biggest signal is simply watching where the biggest money keeps flowing.
While #strategy has started fueling fresh debate around a possible BTC sale, Tom Lee’s #bitmine seems to be doing the exact opposite on the ETH side , quietly adding more size.
Last week, Bitmine reportedly bought another 26,497 $ETH , worth roughly $52.6M, continuing its steady accumulation trend. With that purchase, the firm’s total holdings have climbed to around 5.42M ETH, now valued near $10.75B.
The timing is what stands out: as narratives swirl around whether major players are trimming Bitcoin exposure, Bitmine appears to be leaning harder into Ethereum instead.
At this scale, it feels less like trading and more like a long-term conviction bet on ETH becoming a core institutional asset.
Sometimes the biggest signal is simply watching where the biggest money keeps flowing.
Ms Puiyi:
Interesting how the smart money moves are diverging so clearly right now. Always interesting hearing your take.
Bitmine's unrealized losses hit $8.9 billion, surpassing Strategy, putting pressure on crypto giants
According to Lookonchain, as the crypto market continues to retrace, Bitmine's holdings of 5.41 million ETH are facing unrealized losses of about $8.9 billion, exceeding the losses from Strategy's BTC reserves (around $7.6 billion). Strategy holds 843,000 BTC, with a current market cap of approximately $56.26 billion.
Why it matters: The massive unrealized losses of these two crypto giants reflect the depth of the current market pullback, with ETH's exposure to risk being significantly higher than BTC's, potentially sparking discussions about a reevaluation of ETH's valuation.
#Bitmine #Strategy #BTC #ETH
According to Lookonchain, as the crypto market continues to retrace, Bitmine's holdings of 5.41 million ETH are facing unrealized losses of about $8.9 billion, exceeding the losses from Strategy's BTC reserves (around $7.6 billion). Strategy holds 843,000 BTC, with a current market cap of approximately $56.26 billion.
Why it matters: The massive unrealized losses of these two crypto giants reflect the depth of the current market pullback, with ETH's exposure to risk being significantly higher than BTC's, potentially sparking discussions about a reevaluation of ETH's valuation.
#Bitmine #Strategy #BTC #ETH
BitMine acquires additional 26,497 $ETH
#BitMine announces acquisition of 26,497 $ETH, bringing its total holdings to 5,416,901 $ETH at $2,003 per $ETH. BitMine hasn't added $ETH in staking over the past week. The total staked $ETH by BitMine is 4,718,677.
BitMine is a pioneering digital asset platform dedicated to maximizing ETH per share and advancing the #Ethereum ecosystem through strategic treasury management and native protocol participation.
👉 prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-42-million-tokens-and-total-crypto-and-total-cash-holdings-of-11-6-billion-302786720.html
#BitMine announces acquisition of 26,497 $ETH, bringing its total holdings to 5,416,901 $ETH at $2,003 per $ETH. BitMine hasn't added $ETH in staking over the past week. The total staked $ETH by BitMine is 4,718,677.
BitMine is a pioneering digital asset platform dedicated to maximizing ETH per share and advancing the #Ethereum ecosystem through strategic treasury management and native protocol participation.
👉 prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-42-million-tokens-and-total-crypto-and-total-cash-holdings-of-11-6-billion-302786720.html
Institutional giant Bitmine, led by Tom Lee, has officially disclosed the purchase of another 26,497 ETH (not $26,497 in fiat) over the past week, boosting its total reserves to an impressive 5.42 million ETH valued at around $11.6 billion. The company now holds 4.49% of the entire circulating supply of the second cryptocurrency, rapidly approaching its strategic goal of 5% market share through aggressive buybacks during this overall crypto hangover.
In the short term, this monumental buyback serves as a solid concrete shield against further declines in oversold Ethereum, proving to the big players that Wall Street remains unwaveringly bullish on the long-term supercycle of tokenization and RWA assets.
#Bitmine #TomLee #Ethereum #ETHAccumulation #RWA
In the short term, this monumental buyback serves as a solid concrete shield against further declines in oversold Ethereum, proving to the big players that Wall Street remains unwaveringly bullish on the long-term supercycle of tokenization and RWA assets.
#Bitmine #TomLee #Ethereum #ETHAccumulation #RWA
Verified
#ETH $ETH
BitMine announces it snagged 26,497,$ETH last week, boosting its holdings to 5.42 million $ETH .
#ETH #BitMine #BinanceChain #CryptoPatience
BitMine announces it snagged 26,497,$ETH last week, boosting its holdings to 5.42 million $ETH .
#ETH #BitMine #BinanceChain #CryptoPatience
Lookonchain claims that Strategy has started to short $BTC ,
while #Bitmine is still stacking $ETH .
This divergence isn't about price,
but rather about the direction of institutional balance sheets.
Strategy has made a sell move from a long-term holding narrative;
Tom Lee's Bitmine bought 26,497 $ETH last week,
approximately $52.6 million,
and currently holds 5,416,901 coins,
valued at around $10.75 billion.
The transmission is straightforward:
$BTC is being released by institutions → the market will reassess
the premium on "never selling";
$ETH is being continuously absorbed by Bitmine → spot holdings
are becoming more concentrated in institutional vaults.
The impact is that the narrative may shift:
capital isn't exiting crypto,
but rather reallocating between $BTC and $ETH ,
choosing between asset stories anew.
Do you think this institutional divergence
will first impact the $BTC premium,
or strengthen the $ETH vault narrative?
Written with assistance from Claude Opus 4.8 model; this does not constitute investment advice, please make your own judgments.
while #Bitmine is still stacking $ETH .
This divergence isn't about price,
but rather about the direction of institutional balance sheets.
Strategy has made a sell move from a long-term holding narrative;
Tom Lee's Bitmine bought 26,497 $ETH last week,
approximately $52.6 million,
and currently holds 5,416,901 coins,
valued at around $10.75 billion.
The transmission is straightforward:
$BTC is being released by institutions → the market will reassess
the premium on "never selling";
$ETH is being continuously absorbed by Bitmine → spot holdings
are becoming more concentrated in institutional vaults.
The impact is that the narrative may shift:
capital isn't exiting crypto,
but rather reallocating between $BTC and $ETH ,
choosing between asset stories anew.
Do you think this institutional divergence
will first impact the $BTC premium,
or strengthen the $ETH vault narrative?
Written with assistance from Claude Opus 4.8 model; this does not constitute investment advice, please make your own judgments.
🚨 Bitmine Expands Its Ethereum Holdings!
Tom Lee (@fundstrat)'s #Bitmine purchased another 25,000 $ETH
, worth approximately $50.56 million, just 6 hours ago.
This latest acquisition highlights Bitmine's continued confidence in Ethereum and its long-term growth potential.
📈 25,000 ETH Added
💰 Value: $50.56 Million
🐋 Strong Institutional Accumulation Continues
#Bitmine #CryptoNews #Altcoins #Blockchain 🚀
Tom Lee (@fundstrat)'s #Bitmine purchased another 25,000 $ETH
, worth approximately $50.56 million, just 6 hours ago.
This latest acquisition highlights Bitmine's continued confidence in Ethereum and its long-term growth potential.
📈 25,000 ETH Added
💰 Value: $50.56 Million
🐋 Strong Institutional Accumulation Continues
#Bitmine #CryptoNews #Altcoins #Blockchain 🚀
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