BitMine sits on $3.7B loss as DAT ‘Hotel California’ meets BlackRock’s staked ETH ETF

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Coin Telegraph 1 hour ago 118

BitMine sits on $3.7B loss as DAT ‘Hotel California’ meets BlackRock’s staked <a href='https://market.bitrss.com/coin/ethereum' rel='noopener' target='_blank' class='crypto-highlight' title='ETH Market Overview'>ETH ($3,028.17)</a> ETF

BitMine’s $3.7 billion paper loss and the falling mNAV valuations are threatening the business model of DATs, according to 10x Research.



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