[BitMine's Ethereum Holdings Face Unrealized Loss of $7.35 Billion] According to a report by Jinse Finance, as of May 24, Ethereum treasury company BitMine (BMNR) currently holds 5.28 million ETH, accounting for approximately 4.37% of the total ETH supply. With ETH down more than 57% from its October 2025 peak, BitMine's current unrealized losses have expanded to approximately $7.35 billion. BitMine launched its Ethereum treasury strategy in July 2025 and has continued to accumulate ETH during the downturn. The company's average holding cost is approximately $3,513 per ETH. BitMine Chairman Tom Lee has previously stated multiple times that ETH has historically experienced "V-shaped recoveries" following significant pullbacks, suggesting the current decline may still represent a long-term buying opportunity.