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stocksJun 3, 2026, 9:46 PM

BitMine Files for Preferred Shares, Holds $9B Unrealized Loss on ETH

BitMine has filed an application to issue preferred shares, disclosing an unrealized loss exceeding $9 billion. The company is the largest corporate holder of ETH, and its CEO expects a 10-15 year super-bull cycle.

ETH

BitMine has submitted a filing for an offering of preferred shares, according to a disclosure. The company, which is the largest corporate purchaser of Ether (ETH) for its balance sheet, reported an unrealized loss exceeding $9 billion.

CEO Tom Lee stated that he believes Ethereum is in a 'super-bullish cycle' that could last 10 to 15 years. The company continues to hold a significant ETH position despite the current unrealized losses.

Source: MarketTwits