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Welcome to the US Cryptocurrency News Morning Briefing – your essential summary of the most important developments in the cryptocurrency world for the day ahead.
Grab a coffee as Bitmain’s bold Ethereum strategy comes back under fire as market pressure mounts and investors get nervous. Losses are mounting, the stock is falling, but influential buyers have quietly stepped in, creating a familiar standoff between conviction and caution in established cryptocurrencies.
Today’s Cryptocurrency News: Losses on BitMine Mount, Yet Tom Lee and Arc Support Ethereum
Bitmain’s aggressive Ethereum treasury strategy is coming under renewed scrutiny as prolonged unrealized losses weigh on investor sentiment and its stock continues to slide.
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Shares of BitMine (BMNR), widely described as… The largest Ethereum treasury in the worldsharply in the last few sessions. The stock closed Wednesday at $29.32, down 6.59% on the day and about 24% over the past five days.
This reflects the market’s concern for both Broader market weakness And the increase in unrealized losses that BitMine is making on its ETH holdings.
However, even when concerns about exposure to the downside grow, some of the most influential positive indicators in cryptocurrencies are redoubling their efforts. This highlights the growing gap over Ethereum’s role in institutional treasury strategies.
Despite the decline, BitMine CEO Tom Lee doesn’t seem impressed. On-chain data cited by Arkham Intelligence indicates that Lee continued to amass Ethereum on a large scale.
“Tom Lee just bought another $140 million in ETH. Two new wallets just bought $140.58 million in ETH from FalconX. Their buying behavior matches Bitmain’s previous buying patterns. Tom Lee is still buying the dip.” books Arkham.
These activities reinforce BitMine’s well-established premise that… Ethereum is still structurally undervalued and is positioned to benefit from organizational clarity, enterprise adoption and the expansion of use cases across the chain. This is true even though short-term price action tells a different story.
Cathie Wood’s subversive Ark Invest also suggests conviction. According to trading filings, Arc bought $10.56 million of BitMine shares on Wednesday in three of its exchange-traded funds.
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This purchase follows an additional $17 million purchase earlier in the week, bringing Arc’s latest total revenue to nearly $28 million.
Ark Expands Crypto Stock Exposure with Treasury Split Strategies
Arc’s buying streak has extended beyond BitMine. The company also added $5.9 million worth of Coinbase shares Bullish With a value of $8.85 million, based on Cryptocurrency shares That usually tends to decrease. Coinbase fell 3.33% on Wednesday to $244.19, while the bullish index fell 1.89% to $42.15.
These moves reflect Wood’s broader outlook. Ark Invest CEO Cathie Wood has repeatedly argued that rising inflation and improving liquidity conditions could pave the way for a renewed rally in cryptocurrencies.
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BitMine’s leadership reflects this optimism. The company continued to buy ether every week during the recession, with Lee previously saying that regulatory and legislative changes in Washington, coupled with increased institutional participation, meant that “the best days for cryptocurrencies” were still on the horizon.
However, not everyone shares this opinion. Analyst Samson Mo took the opposite approach, preferring to completely disengage from exposure to Ethereum.
“I have decided to liquidate all Bitmain Ethereum shares and switch to a Bitcoin-only treasury strategy,” books hair
Moe’s decision highlights a growing philosophical divide among crypto treasurers: whether diversification into Ethereum represents a strategic vision or an unnecessary risk.
For BitMine, this controversy is no longer theoretical, and with unrealized losses that continue, the conviction of Lee and Arc may not be rewarded soon, unless the scale changes. In the same way, the volatility of Ethereum continues to test the limits of the institutions’ patience.
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Today’s map
Alpha is a byte size
Here’s a roundup of more US cryptocurrency news to follow today:
Overview of Pre-Market Cryptocurrency Stocks
| Company | At the end of December 17 | Early market overview |
| Strategy (MSTR) | $160.38 | $162.80 (+1.51%) |
| Coinbase (COIN) | $244.19 | $250.37 (+2.53%) |
| Galaxy Digital Holdings (GLXY) | $22.81 | $23.11 (+1.31%) |
| Mara Holdings (MARA) | $9.93 | $10.03 (+1.01%) |
| RIOT Platforms | $12.96 | $13.07 (+0.85%) |
| Basic Sciences (CORZ) | $13.57 | $14.00 (+3.17%) |
