BitMine Ethereum Holdings Could Enter Financial History with Massive Losses

BitMine's Potential Loss Could Rewrite Financial History

According to The Kobeissi Letter, BitMine's Ethereum holdings have incurred a floating loss of up to $6.6 billion. If this loss materializes, it could rank as the fifth-largest proprietary trading loss in the history of global financial markets.

Historical Trading Losses

Looking back, Archegos Capital Management suffered losses of about $10 billion in 2021, roughly 66% of its firm's size, marking the largest single trading loss in history.

• BitMine unrealized loss: $6.6 billion
• Archegos Capital loss: $10 billion