BitMine Assets: Holding over 4.24 million ETH, unrealized losses exceeding $6 billion, with a book value of approximately $9.6 billion. Liquidity issues: Severe leverage leading to "airbags"📉. Market expectations: Tom Lee warns of a painful reset in 2026, with a rebound still possible by the end of 2025🤞. Recovery points: Wintermute states the need for new BTC/ETH supply, ETF participation, vault authorization🔒, and retail inflow.
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BitMine Assets: Holding over 4.24 million ETH, unrealized losses exceeding $6 billion, with a book value of approximately $9.6 billion. Liquidity issues: Severe leverage leading to "airbags"📉. Market expectations: Tom Lee warns of a painful reset in 2026, with a rebound still possible by the end of 2025🤞. Recovery points: Wintermute states the need for new BTC/ETH supply, ETF participation, vault authorization🔒, and retail inflow.