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Tom Lee, president of BitMine Immersion Technologies, said that unrealized losses on the company’s Ethereum (ETH) shares during a market downturn are “an advantage, not a disadvantage,” emphasizing the nature of the Ethereum-focused treasury model.
His statements come as paper losses for the world’s largest ETH bond rose to more than $6 billion amid a broader market decline that has pushed the second-largest digital currency to its lowest levels in months.
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BitMine’s unrealized losses exceed $6 billion
Data from BeInCrypto Markets shows that Ethereum decrease further By 24% in the past week. This represents the largest weekly decline among the 10 largest cryptocurrencies by market capitalization.
On Tuesday, the price of ETH briefly fell to $2,109 on Binance, its lowest level since May 2025. At the time of writing, the altcoin was trading at $2,270, down 3.06% on the previous day.
The strong sell-off increased pressure on digital asset bonds, such as… It makes great carriers Big unrealized losses amid broader market weakness.
According to data from CryptoQuant, BitMine currently accounts for approximately $6.4 billion in paper losses from its Ethereum holdings.
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Some experts are also concerned that these large holding companies could limit the future growth of the ETH price if… BitMine chose to liquidate the profits. However, in a place on the platform
It is stated that BitMine is designed To follow the price of Ethereum and possibly surpass it during the entire market cycle. As the broader crypto market continues to decline, falling ETH gains naturally translate into paper losses.
“BMNR is seeing ‘unrealized’ losses on our ETH holdings during these times: it’s a feature, not a drawback. Are we calling all ETFs for their losses? Conclusion: Ethereum is the future of finance, “, he said about me.
The latest statement comes after the chairman of the Board of Directors of BitMine indicated Until the recent turmoil in Bitcoin Ethereum can be temporary. This reflects the CEO’s insistence on Ethereum, and is supported by BitMine’s continued purchase of ETH.
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Second At CoinGeckoThe company acquired more than 141,000 ETH in the past month, bringing its total holding to 4,285,125 ETH. The company is not alone in its ETH purchases.
The data of the series shows the accumulation active For Ethereum by investors. I specified Lookonchain Three previously dormant, and potentially related, wallets spent $13.1 million to acquire 5,970 ETH at an average price of $2,195 during the recent downturn. In a separate transaction, an OTC whale bought 33,000 ETH worth $76.6 million.
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Trend Research faces a $562 million loss amid budget cuts
As the accumulation continues, selling pressure also increases from the other side of the market. Trend Research, led by Jack Yi, Continuously transfer ETH To the bags.
Second According to OnChain Lens, the company today deposited 15,000 ETH, worth $33.08 million, to Binance. In total, Trend Research transferred 153,588 ETH to the exchange.
The sales activity comes amid significant unrealized losses on the company’s existing positions, adding pressure in an ongoing market volatility. A continued decline in the price of Ethereum could lead to liquidations, with Trend Research estimating that the liquidation range is around $1,800 per ETH.
The contrast between BitMine’s ongoing rally and Trend Research’s sales highlights the divergent strategies shaping the Ethereum market in February 2026.
