Bitmine's quarterly net loss reaches $3.8 billion, holding more than 4% of the total Ethereum supply worldwide.

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Deep Tide TechFlow News, April 15, according to The Block, Ethereum asset management company Bitmine reported a quarterly net loss of $3.8 billion as of February 28, 2026, mainly due to unrealized losses on its digital assets. As of April 12, Bitmine held 4.87 million ETH, accounting for approximately 4.04% of the total ETH supply worldwide, with an average purchase price of $2,206 per ETH, aiming to control 5% of the global ETH supply.

The company’s report shows that the quarter’s revenue was $11.04 million, with about $10 million coming from ETH staking rewards. Bitmine has staked 3.33 million ETH, representing 68% of its total holdings, with an expected annualized income of up to $212 million. Additionally, the company holds $719 million in cash, 198 Bitcoin, and investments in Beast Industries and Eightco Holdings.

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