Ethereum Plunges: Bitmine's Paper Loss Widens to $8.8 Billion

Market Downturn Puts Pressure on Bitmine

With Ethereum continuing to decline, institutional holder Bitmine is under increasing financial strain. The firm’s unrealized losses have now reached $8.8 billion as ETH trades well below its average acquisition cost of $3,843.

Despite a 60% drop over the past six months, Bitmine added 45,749 ETH to its holdings last week at an average price of $1,992, signaling strong conviction in Ethereum’s long-term potential.

Institutional Support Remains Strong

Although Bitmine’s stock has fallen 59% in the past six months, major financial institutions including Morgan Stanley, Ark Investment, and BlackRock have increased their stakes in the company during Q4 2025.

Outlook Remains Uncertain

• Ethereum continues to trade below key support levels
• Bitmine maintains aggressive buying strategy
• Institutional investors remain active despite market weakness

Market sentiment remains cautious, and investors should closely monitor macro trends and on-chain metrics for potential shifts in momentum.