BitMine Ethereum holdings may become the fifth largest proprietary trading loss in financial history

2026-02-04 09:34:57

ChainCatcher reports that, according to The Kobeissi Letter, the Ethereum treasury company BitMine’s unrealized losses have reached $6.6 billion. If these losses are realized, it will become the fifth-largest proprietary trading loss in the history of the global financial markets.

In 2021, Archegos Capital Management suffered losses of approximately $10 billion, about 66% of the company’s size, making it the largest loss in history.

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