BitMine faces $6.6 billion paper loss on Ethereum holdings

BitMine is now staring at a brutal $6.6 billion loss on its Ethereum stash. If the company decides to dump that Ethereum today, it’ll go down as the fifth biggest trading loss ever recorded, sitting just behind disasters like Archegos in 2021. And yeah, that loss? It’s already 66% the size of Archegos’ full collapse. […]