BitMine Immersion Technologies Faces $7.7 Billion Unrealized Loss on Ethereum Treasury Amid Crypto Volatility

BitMine Immersion Technologies (BMNR) is under pressure after analysis detailed $7.7 billion in unrealized losses on its core 4.285 million Ethereum holdings, despite the stock rebounding strongly and trading up +11.44%.

• The unrealized loss is attributed to ETH prices dropping to approximately $2,050, significantly below the firm's average cost basis of $4,001.
• Chairman Tom Lee defended the long-term 'Alchemy of 5%' accumulation strategy, stating that paper losses are 'a feature, not a bug' during market downturns.