As per CryptoDnes, the digital asset treasury sector is under pressure as Ethereum’s price decline to $2,700 has led to significant unrealized losses. Public treasuries have lost nearly half their value in five months, dropping from $176 billion in July to $99 billion. BitMine Immersion Technologies, the largest publicly traded Ethereum-focused treasury, now holds 3.55 million ETH at a $4.5 billion unrealized loss. In response, BitMine has announced its first annual dividend of $0.01 per share, a shift from its earlier aggressive buyback strategy. The company reported $328 million in net income for the fiscal year ending August 31, but its stock currently trades at $26.49, far below its $135 peak. Management remains optimistic, planning infrastructure expansion and launching the Made in America Validator Network (MAVAN) in Q1 2026.
Ethereum Firms Face $4.5B in Unrealized Losses as Crypto Treasuries Shrink to $99B
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