Public BitMine Immersion added 40,000+ ETH last week, bringing its balance to ~4.24M ETH. A market slide since October reduced the stash’s value from nearly $14B to about $9.6B, producing roughly $6B in unrealized losses. Ether fell toward $2,300 amid accelerating selling and liquidations. BitMine says part of the holdings are staked, with estimated annual staking revenue of ~$164M; the chairman signaled near‑term caution and ongoing deleveraging. Data cited from Dropstab.

BitMine increased its ETH holdings to ~4.24M then the market slide cut the stash’s value from nearly $14B to ~$9.6B (≈$6B unrealized loss). Ether’s decline toward $2,300 was amplified by selling and liquidations; BitMine’s chairman flagged deleveraging and part of the holdings are staked with estimated ~$164M annual staking revenue — staking yields don’t offset the large price drawdown. (Source: Dropstab)