Recently, BitMine disclosed an interesting set of financial data at the shareholders' meeting. The organization manages $13 billion worth of Ethereum assets, with its staking business expected to generate over $400 million in pre-tax income annually. It sounds substantial, but CEO Tom Lee revealed another side — since July last year, this holding has an unrealized loss of approximately $2.3 billion on the books.



Interestingly, BitMine hasn't put all its eggs in one basket. The company also invested $200 million in Beast Industries, with plans for this investment to multiply tenfold. In addition to these, they are preparing to launch a mobile app and are eyeing the tokenization sector, planning to make significant investments — although the details have not been disclosed yet.
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ChainProspectorvip
· 01-19 00:34
Still so calm with a floating loss of 2.3 billion, your mindset is indeed impressive... But can that 400 million annual revenue really hold up?
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LiquidationWatchervip
· 01-17 03:27
$23B unrealized loss lmaooo yeah that's the real story nobody wants to talk about. staking yield looking cute til you zoom out and see the full portfolio damage, been there lost that fr fr
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CounterIndicatorvip
· 01-16 01:57
$2.3 billion unrealized loss still here bragging about pledge income? That's a bit pretentious. When calculated with the actual yield, it's not as attractive as it seems.
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BrokenYieldvip
· 01-16 01:56
$13b in eth bags with $2.3b underwater? lmao the leverage ratio on this portfolio screams systemic risk. that beast industries 10x fantasy is exactly how institutions blow up in bear markets.
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degenwhisperervip
· 01-16 01:55
2.3 billion unrealized loss... Is this the joy of holding coins? Haha
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wrekt_but_learningvip
· 01-16 01:51
2.3 billion floating loss... Pledge income can't make up for it either. How strong must this mentality be?
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