Bitmine is experiencing a significant floating loss of $6.9 billion on its Ethereum holdings as the cryptocurrency's price fell to $2,222, the lowest since June 2025. The institution holds 4.243 million ETH, acquired at an average cost of $3,849 per ETH. This price drop has resulted in the largest unrealized loss for Bitmine to date, highlighting the volatility and risk associated with large-scale cryptocurrency investments.