BitMine Ethereum Hodl or Becomes Fifth Largest Self-Owned Fund Trading Loss in Financial History

BlockBeats News, February 2nd, according to The Kobeissi Letter, the unrealized loss of Ethereum treasury company BitMine has reached $6.6 billion. If this unrealized loss materializes, it would become the fifth-largest proprietary trading loss in the history of the global financial markets.

In 2021, Archegos Capital Management incurred a loss of approximately $10 billion, about 66% of the firm's total assets, making it the largest loss ever.