RT Ous (@DangaWrites)Ethereum treasury company @BitMNR acquired 40,613 ETH last week, per a company statement.Its corporate treasury now holds 4,325,738 ether tokens, valued at $9.2B 📊That’s 3.58% of the total ETH supply, putting the firm 72% toward its “Alchemy of 5%” goal.Of its total ETH, 2,897,459 tokens (67%) are staked, generating $202M in annualized revenue.The firm also disclosed $10.0B in combined crypto, cash, and investments, including 193 BTC, $595M cash, plus equity stakes in Beast Industries a ...

In response to remarks that Bitmine (BMNR) is facing a $6.6 billion unrealized loss and that future selling pressure will cap ETH prices, Tom Lee, Chairman of the Ethereum treasury company Bitmine, stated that such views miss the point of an Ethereum treasury. He noted that Bitmine is designed to track the price of ETH and outperform over the cycle; thus, seeing unrealized losses on ETH holdings during a crypto market downturn is "a feature, not a bug," much like how index ETFs experience losses during decl ...

LATEST: 💰 BitMine acquired another 40,302 ETH, bringing its total holdings to 4.24 million ETH, worth over $12 billion, with the Ethereum treasury firm now controlling 3.52% of the circulating supply. https://t.co/sXw1w4XiJF ...

Tom Lee's BitMine nears 70% of Ethereum treasury target with latest 40,302 ETH buy https://t.co/E6eLARmqkc ...

Investment Activity - BitMine, holding the largest Ethereum treasury, invests an additional $200 million [1] Market Analysis - The investment addresses the recent decline in ETH price [1]

Company Performance - FG Nexus shares experienced a decline after the firm divested some of its ETH [1]

Ethereum Holdings - BitMine Immersion Technologies 持有超过 350 万枚 ETH [1] - 该公司在上周 ETH 价格下跌时增持了 ETH [1]

Core Insights - Ethereum treasury firms are facing significant unrealized losses as the price of ETH fell below $3,500 for the first time since August 2023 [1][7] - Bitmine and Sharplink, which control the largest Ethereum treasuries, are particularly affected, with average purchase prices significantly above current market value [2][6] Group 1: Unrealized Losses - Bitmine and Sharplink hold a combined total of 4,172,922 ETH, valued at over $14.5 billion, but are experiencing millions in unrealized losses [2] - Bitmine's average purchase price for ETH is $4,037, while Sharplink's is $3,609, both above the current market price [2][6] - Other firms like Fundamental Global, The Ether Machine, and Quantum Solutions also report significant unrealized losses, with average purchase prices of $4,228, $3,788, and $4,069 respectively [4][7] Group 2: Market Strategy - Despite the losses, Ethereum treasury companies are adopting a "buying the dip" strategy, continuing to invest in ETH [6] - Bitmine recently purchased $300 million worth of ETH, indicating a commitment to its investment strategy despite current market conditions [6] - Sharplink has also been making small purchases during the market downturn, reflecting a similar approach [6]

Investment & Deployment - Ethereum treasury firm SharpLink to deploy $200 million in ETH on Linea [1]

Market Trends - ETHZilla continued climbing Monday [1] - Ethereum treasury firm selling ETH to buy back shares [1] Investment Activity - ETHZilla selling ETH to buy back shares, similar to a prominent investor's request [1]