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by: xpoolPosted on: November 25, 2025

Bitmine’s Ethereum Gamble: From Hype to Massive Losses

The story of Bitmine is a cautionary tale for crypto-focused treasury firms (DATs). This once-promising company, known for Bitcoin mining, shifted gears in June 2025 and amassed a staggering $13.7 billion in Ethereum holdings – but its strategy backfired spectacularly. Now, Bitmine’s stock has plummeted by nearly 81% since its peak in July, wiping out billions in shareholder value.

Related posts:

  1. BitMine Announces First Dividend Amidst ETH Market Pullback
  2. BitMine Suffers $4 Billion Ethereum Loss: Structural Risks Raise Concerns
  3. BitMine Doubles Down on Ethereum Amidst Crypto Market Dip
  4. BitMine Invests Heavily in Ethereum Despite Market Downturn
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