Bitmine's Ethereum bet nears $9 billion loss as ether falls below $1,800

60-second summary

Bitmine's Ethereum treasury firm shares plummet to their lowest level since the company's crypto pivot, nearing a staggering $9 billion loss, as Ethereum's price falls below $1,800, revisiting February lows. This decline exacerbates concerns about the firm's investment strategy, which has been heavily focused on Ethereum. The crypto market's volatility continues to impact investors.