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BitMine Sits On $10B ETH But At A $3.6B Loss, Investors Hedge Ethereum Price With Varntix

By Michelle DG at 2026-04-25 16:07

Sentiment: Negative

Recent market activity highlights the scale and risk of Ethereum’s growing role as a treasury asset, with BitMine reportedly holding over $10 billion worth of ETH while still sitting on multi-billion-dollar unrealized losses amid sharp price fluctuations. Despite aggressive accumulation by institutional players, ETH’s volatility continues to erase gains quickly, showing that even large-scale treasury strategies [...] The post BitMine Sits On $10B ETH But At A $3.6B Loss, Investors Hedge Ethereum Price With Varntix appeared first on CoinCentral. Continue reading...

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