BitMine disclosed a $6.3 billion net loss for the fiscal year ending August 2026, mainly due to Ethereum's price drop from over $4,000 to around $2,000 after the October 2025 crash. Despite holding 6.07 million ETH and other assets valued at $14.3 billion, the loss highlights risks in accumulating large ETH positions amid market volatility. This raises questions about Ethereum's long-term store-of-value narrative, especially as ETH continues to underperform Bitcoin and large holders sell off significant amounts. The situation tests the viability of the demand-driven value thesis for Ethereum and signals potential challenges ahead for institutional investors heavily exposed to ETH.
Ethereum is trading at Rp37.183.710 on Pluang, down 0.45% in the last day, showing some continued pressure after the significant losses reported by BitMine. Bitcoin remains stronger at Rp1.334.086.841 with a smaller 0.06% decline. These figures are current as of Nov 12, 2026 13:21 WIB.
Ether (ETH) prices fell 15.6% from $2,422.31 on Nov. 4 to $2,044.30 on Nov. 11 following a significant transfer of 2,154.94 ETH to a new address on Nov. 9. The sending address was notable for holding ETH since Ethereum's 2015 genesis block, but the t...
Social sentiment for bitcoin, ethereum, and XRP has turned strongly bearish, with XRP showing the weakest optimism at 0.49 bullish-to-bearish ratio. Despite this, bitcoin has recovered above $74,000, and ethereum also edged higher, signaling potentia...
U.S. spot Ether (ETH) exchange-traded funds experienced net outflows of $1.3 million on November 10, marking the fourth consecutive session of withdrawals. While the daily loss narrowed from $184.6 million on November 9, funds like Grayscale Ethereum...
U.S. spot Ether (ETH) exchange-traded funds experienced net outflows totaling $1.3168 million on November 10, marking the fourth consecutive day of withdrawals. Blackrock's Staked ETH ETF led inflows with $1.0543 million, while Grayscale Ethereum Min...
US ether ETFs saw a dramatic drop in outflows from $184.5 million on November 9 to just $1.32 million on November 10, easing selling pressure on ether, which traded around $2,086. This shift comes despite hotter-than-expected US inflation data, which...
