🚨 BitMine’s Ethereum Bet Backfires

BitMine Immersion Technologies went all-in on Ethereum, betting heavily on price appreciation and long exposure.

Instead, the market moved against them.

As $ETH fell sharply, leverage amplified the damage, turning the position into one of the most painful crypto-linked losses in recent financial history. What was meant to be a high-conviction treasury strategy quickly became a cautionary tale.

Lesson: conviction + leverage in volatile markets can destroy capital faster than it builds it. Short-term pain can be brutal when risk management fails.

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