BitMine acquires 101,000 ETH despite $6.5B in unrealized losses
Burns Brief
The crypto treasury company continues to buy Ether and earn staking rewards, even as price swings leave billions in unrealized losses on its balance sheet The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $ETH for reaction — a decisive move above or below key levels will confirm the next trend.
The crypto treasury company continues to buy Ether and earn staking rewards, even as price swings leave billions in unrealized losses on its balance sheet.
Key Takeaways
- The crypto treasury company continues to buy Ether and earn staking rewards, even as price swings leave billions in unrealized losses on its balance sheet