Bitmine Immersion Technologies has amassed over 4.42 million Ethereum despite a prolonged market downturn, with unrealized losses now surpassing $8 billion, as management reaffirms its long-term investment strategy.
#YonhapInfomax #BitmineImmersionTechnologies #Ethereum #UnrealizedLosses #CryptoMarket #TomLee #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=106510
‘Over $8 Billion in Losses’—Ethereum Whale Bitmine Doubles Down Amid Market Rout
Bitmine Immersion Technologies has amassed over 4.42 million Ethereum despite a prolonged market downturn, with unrealized losses now surpassing $8 billion, as management reaffirms its long-term investment strategy.
Bitmine Adds $90 Million in Ethereum—'Investor Sentiment Mirrors Previous Lows'
Bitmine Immersion Technologies increased its Ethereum holdings by $90 million last week, now owning 3.62% of total supply, as market sentiment echoes previous crypto lows.
Canaccord Genuity, long bullish on MicroStrategy, slashed its price target by 61% to $185, citing Bitcoin's identity crisis, but maintained a 'Buy' rating as the company prepares to report earnings amid significant unrealized losses.
#YonhapInfomax #MicroStrategy #CanaccordGenuity #Bitcoin #PriceTarget #UnrealizedLosses #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=104006
'Bullish Surrender'—Canaccord Slashes MicroStrategy Price Target by 61%
Canaccord Genuity, long bullish on MicroStrategy, slashed its price target by 61% to $185, citing Bitcoin's identity crisis, but maintained a 'Buy' rating as the company prepares to report earnings amid significant unrealized losses.
Bitmain Immersion Technologies expanded its Ethereum holdings by $300 million during last week's market downturn, surpassing 4 million ETH and solidifying its position as the largest public company holder of Ethereum, despite incurring over $3 billion in unrealized losses amid recent price declines.
#YonhapInfomax #Bitmain #Ethereum #DigitalAssetHoldings #MarketDownturn #UnrealizedLosses #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=96766
Bitmain Adds $300 Million in Ethereum During Last Week's Downturn, Holdings Surpass 4 Million ETH
Bitmain Immersion Technologies expanded its Ethereum holdings by $300 million during last week's market downturn, surpassing 4 million ETH and solidifying its position as the largest public company holder of Ethereum, despite incurring over $3 billion in unrealized losses amid recent price declines.
Rising stock prices “won’t fix this”: U.S. banks are sitting on $500B worth of unrealized losses | Investorsobserver
“All it takes is one bad news story about any of these banks, and we could have another banking crisis like we had in March 2023,” said Cole.
Yonhap Infomax News
Hacker News