BitMine is reporting a significant floating loss of $4.12 billion on its Ethereum holdings, as the value of its 3,967,210 ETH has dropped to $2,868 per coin, compared to an average acquisition cost of $3,906. This development highlights the ongoing pressure on Ethereum prices. Meanwhile, BitMine's Bitcoin strategy remains profitable, albeit with narrowing margins. The company's 671,268 BTC holdings are currently valued at $86,271 each, resulting in a $7.65 billion profit, down from previous highs. The cryptocurrency market continues to experience volatility, with altcoins also facing downward pressure.