Ethereum News Update: BitMine Invests $60M in Ethereum Despite $4B in Losses, Anticipates Swift Market Rebound

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Ethereum News Update: BitMine Invests $60M in Ethereum Despite $4B in Losses, Anticipates Swift Market Rebound

Bitget-RWA2025/11/26 17:42

By:Bitget-RWA

- BitMine adds $60M in ETH despite $4B in unrealized losses, holding 3% of Ethereum's circulating supply. - Ethereum drops 29% in a month as $689M exits funds, reflecting broader crypto risk-off sentiment and a DNS hijacking incident. - CEO Thomas Lee cites "liquidity shock" as cause, predicting V-shaped recovery akin to 2022 post-FTX rebound. - Firm shifts to active yield generation via MAVAN staking, aligning with industry trends to offset asset depreciation. - Institutional accumulation and structural d

Ethereum has faced increasing price pressure as new investors and institutional tactics intersect with the overall trends in the crypto market. On November 23, the token hovered around $2,808, marking a nearly 29% decline over the past month,

as $689 million exited

from Ethereum-centric investment products in the last week, indicating a shift in investor attitudes. In spite of these headwinds, firms such as BitMine are ramping up their commitment to

Ethereum

, demonstrating confidence even amid turbulence. The company

acquired 21,537 ETH—worth $60 million

to boost its reserves, now holding more than 3.5 million ETH, which accounts for close to 3% of the total circulating supply. This accumulation comes as BitMine faces $4 billion in unrealized losses and its share price has dropped by half within a month.

BitMine CEO Thomas Lee points to a "liquidity shock" in October as the cause of Ethereum's recent downturn, which wiped out $20 billion in leveraged crypto positions. He compares the current situation to the aftermath of the FTX collapse in 2022, when prices bounced back within weeks despite a prolonged slump. "Past trends show that crypto markets often rebound sharply after extended declines," Lee commented,

implying the present downturn could be short-lived

. The company is also rolling out the "Made in America Validator Network" (MAVAN) to earn staking rewards, moving from a passive holding approach to actively generating returns. This shift reflects a wider movement in the sector as companies look to counteract falling asset values by diversifying their operations.

At the same time,

Ethereum's lowest point in four months

underscores a broader move away from risk. Investors have pulled funds from riskier assets, resulting in a 19% decrease so far in 2025. These withdrawals happened alongside a DNS hijacking attack on Aerodrome Finance, which advised users to steer clear of compromised sites to safeguard their Ethereum. Security incidents like this add to market anxiety, but analysts believe that ongoing institutional interest from players like BitMine could help steady prices over time.

The combination of assertive buying by newcomers and broader economic challenges creates a complicated outlook for Ethereum. While price swings are likely to continue in the near term, the asset's track record of recovery provides some cautious optimism. As BitMine and similar firms focus on long-term staking and yield strategies, Ethereum's future price direction will likely depend on improved liquidity and the effectiveness of institutional staking efforts.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitget-RWA•2025/11/27 01:34

Ethereum News Today: Ethereum Holds Steady at $3,000 as Institutional Interest and the Conclusion of QT Indicate a Market Rebound

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Bitget-RWA•2025/11/27 01:34

Ethereum News Today: Ethereum Holds Steady at $3,000 as Institutional Interest and the Conclusion of QT Indicate a Market Rebound

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Bitget-RWA•2025/11/27 01:32