BitMine Faces Pressure as Ethereum Drops Below $2,500
BitMine — chaired by Tom Lee — holds a large Ethereum position and is reporting multi‑billion‑dollar unrealized losses amid recent ETH weakness.
BitMine Immersion Technologies, chaired by Tom Lee, holds roughly 4.24 million ETH, which the report says represents about 3.5% of total supply [1].
Ethereum’s price slid below $2,500 in recent trading, with one report citing a $2,370 price point and outsized short‑term declines that coincided with large unrealized losses on BitMine’s stake [3].
Multiple outlets report BitMine’s ETH position is currently showing about $6 billion in unrealized losses as market prices weakened [2][3][4].
Market commentators quoted in the coverage warn that, if negative trends continue, Ethereum could fall further into the $1,800–$1,850 range, a scenario that would increase pressure on large holders like BitMine [1][3][4].
Reports indicate BitMine is facing significant unrealized losses following Ethereum’s recent decline; observers highlight the firm’s sizable ETH holdings and warn of potential further downside for the asset [1][2][3][4].
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Citations
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- 1BitMine Faces Challenges Amid Ethereum Price Dropdefiliban.com• Jan 31, 2026
- 2Tom Lee's 'Bitmine' ETH investment is currently at a $6,000,000,000 unrealized loss.r/CryptoCurrency• Jan 31, 2026
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- 4Ethereum Potential Crash Prediction Raises Market ConcernsNFTenex• Jan 31, 2026
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