BitMine sits on $3.7B loss as DAT ‘Hotel California’ meets BlackRock’s staked ETH ETF

Cointelegraph•Thursday, November 20, 2025 at 11:17:27 AM

NegativeCryptocurrency

BitMine sits on $3.7B loss as DAT ‘Hotel California’ meets BlackRock’s staked ETH ETF

BitMine has reported a staggering $3.7 billion paper loss, raising concerns about the viability of its business model amid declining mNAV valuations for Digital Asset Trusts (DATs). This situation underscores the volatility and risks associated with the cryptocurrency market.
The substantial loss threatens BitMine's operational stability and investor confidence, potentially leading to a reevaluation of its strategies and investments in the cryptocurrency landscape.
The broader cryptocurrency market is experiencing significant outflows, particularly from BlackRock's Bitcoin ETF, reflecting investor caution and a potential shift in market dynamics as stakeholders reassess their positions amid ongoing volatility.

— via World Pulse Now AI Editorial System

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