{"id":700155,"date":"2025-11-20T15:45:12","date_gmt":"2025-11-20T12:45:12","guid":{"rendered":"https:\/\/buradabiliyorum.com\/en\/bitmine-sits-on-3-7b-loss-as-dat-hotel-california-meets-blackrocks-staked-eth-etf\/"},"modified":"2025-11-20T15:45:12","modified_gmt":"2025-11-20T12:45:12","slug":"bitmine-sits-on-3-7b-loss-as-dat-hotel-california-meets-blackrocks-staked-eth-etf","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitmine-sits-on-3-7b-loss-as-dat-hotel-california-meets-blackrocks-staked-eth-etf\/","title":{"rendered":"BitMine sits on $3.7B loss as DAT \u2018Hotel California\u2019 meets BlackRock\u2019s staked ETH ETF"},"content":{"rendered":"

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BitMine\u2019s $3.7 billion paper loss and the falling mNAV valuations are threatening the business model of DATs, according to 10x Research.<\/p>\n

Concerns are mounting over the sustainability of corporate crypto-treasury firms as BlackRock moves forward with a staked Ether fund that analysts say could compete directly with existing digital-asset treasuries.<\/p>\n

BitMine Immersion Technologies, the world\u2019s largest corporate Ether (ETH) holder, is currently down $1,000 per purchased ETH, implying a cumulative unrealized loss of $3.7 billion on its total holdings, according to a Thursday research report<\/a> from crypto insights company 10x Research. <\/p>\n

The decline in net asset value (NAV) across these firms is making it difficult to attract new retail investors while leaving many existing shareholders effectively \u201ctrapp<\/a>ed\u201d unless they sell at a steep loss, 10x Research founder Markus Thielen wrote<\/a> in a LinkedIn post.<\/p>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

BitMine\u2019s $3.7 billion paper loss and the falling mNAV valuations are threatening the business model of DATs, according to 10x Research. Concerns are mounting over the sustainability of corporate crypto-treasury firms as BlackRock moves forward with a staked Ether fund that analysts say could compete directly with existing digital-asset treasuries. BitMine Immersion Technologies, the world\u2019s…<\/p>\n","protected":false},"author":1,"featured_media":700156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-08\/0198c69f-6d25-7fc1-ab25-9d072e998223","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75302,74863,74868,75849,74891,154978,74938,74892,74355,71069,117,73711],"class_list":["post-700155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoins","tag-cryptocurrencies","tag-defi","tag-etf","tag-ethereum","tag-ethereum-etf","tag-ethereum-price","tag-tokens","tag-adoption","tag-blackrock","tag-business","tag-investments"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/700155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=700155"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/700155\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/700156"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=700155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=700155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=700155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}