BitMine is sitting on a $6.6 billion unrealized ETH loss and it keeps growing

BitMine's $6.6B unrealized ETH loss is now ~66% of Archegos's $10B blowup in 2021. If they're forced to liquidate 4.2M ETH into a thin market, this doesn't stay "unrealized." It becomes one of the largest documented trading losses ever and likely takes ETH down another 20–40%… — Hyphen Connect (@HyphenConnect) February 2, 2026 BitMine Immersion …

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One of the biggest economic crashes is occurring in real time with the infection started in cryptocurrency and spreading to stocks. Tom Lee’s Bitmine is sitting on $3.5 BILLION in unrealized losses on $ETH.

Crypto is primarily a speculative risk asset. Do not conflate the two together. This isn’t a crash, investors are taking profit so therefore it is an overdue correction. — J-Red aboi da kid (@Unpopularrtruth) November 20, 2025 JUST IN: Tom Lee’s Bitmine is sitting on $3.5 BILLION in unrealized losses on $ETH. And we haven't …

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