{"id":81017,"date":"2026-04-15T12:02:07","date_gmt":"2026-04-15T12:02:07","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=81017"},"modified":"2026-04-15T12:02:07","modified_gmt":"2026-04-15T12:02:07","slug":"bitmine-holds-20-support-after-3-8b-loss-is-a-bottom-finally-forming","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=81017","title":{"rendered":"Bitmine Holds $20 Support After $3.8B Loss\u2014Is A Bottom Finally Forming?"},"content":{"rendered":"<div>\n<p><strong>Bitmine Immersion Technologies<\/strong> <a class=\"ticker-link\" data-ticker=\"BMNR\" data-exchange=\"NYSE\" href=\"https:\/\/www.benzinga.com\/quote\/BMNR\" target=\"_blank\" rel=\"noopener\">(NYSE:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/BMNR\">BMNR<\/a>) posted a $3.82 billion net loss for the quarter ended February 28 driven by unrealized losses on its <strong>Ethereum <\/strong><a class=\"ticker-link\" data-ticker=\"ETH\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/ETH-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) holdings, as the stock builds a base near $20-$22.<\/p>\n<h3 class=\"wp-block-heading\"><strong>The Unrealized Loss<\/strong><\/h3>\n<p>Bitmine\u2019s <a href=\"https:\/\/www.sec.gov\/ix?doc=\/Archives\/edgar\/data\/0001829311\/000149315226016560\/form10-q.htm\">reported<\/a> net loss widened from a net loss of $1.15 million in the same period last year.\u00a0<\/p>\n<p>The six-month net loss exceeded $9 billion compared to $2.1 million in the year-ago period.<\/p>\n<p>The losses came largely from $3.78 billion in unrealized losses on the company\u2019s digital asset holdings.\u00a0<\/p>\n<p>Meanwhile, Bitmine has continued to increase its ETH holdings even through the extended crypto downturn since late 2025.<\/p>\n<p>As of April 12, Bitmine held 4.87 million ETH in its treasury, valued at approximately $10.7 billion.\u00a0<\/p>\n<p>The company is the largest corporate Ethereum treasury globally and the second-largest corporate crypto treasury overall behind <strong>Strategy<\/strong> <a href=\"https:\/\/www.benzinga.com\/quote\/MSTR\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"MSTR\" data-exchange=\"NASDAQ\" ...><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/04\/51826661\/bitmine-holds-20-support-after-3-8b-loss-is-a-bottom-finally-forming?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Bitmine\" holds support after loss a bottom finally forming>Full story available on Benzinga.com<\/a><\/p>\n<p><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitmine Immersion Technologies (NYSE:BMNR) posted a $3.82 billion net loss for the quarter ended February 28 driven by unrealized losses on its Ethereum (CRYPTO: ETH) holdings, as the stock builds a base near $20-$22. The Unrealized Loss Bitmine\u2019s reported net loss widened from a net loss of $1.15 million in the same period last year.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-81017","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/81017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=81017"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/81017\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=81017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=81017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=81017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}