BitMine nears 5% of Ethereum supply despite $8.4B in unrealized losses

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BitMine manages a portfolio exceeding $11 billion, with unrealized losses estimated at $8.4 billion, representing roughly 43% of its value. Despite these unrealized losses, the company has continued accumulating Ether weekly since launching its ETH treasury strategy in June 2025. It is staking over 5 million ETH, worth approximately $9.6 billion at current prices. These staking operations generate a projected annual yield of 2.61%, translating to roughly $287 million in yearly rewards, providing a predictable source of yield independent of short-term ETH price fluctuations.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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