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Tom Lee’s Bitmine now $8 billion underwater as ether tumbles below $2,000

on February 5, 2026
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Gemini to exit U.K., EU and Australia, reduce staff by 25%, and focus on U.S. and prediction markets

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Strategy has $6.5 billion loss on BTC, but continues trading at premium to value of its assets

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Sovcombank says it’s the first Russian bank to offer bitcoin-backed loans to public

on February 5, 2026
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rick

1464 posts
Posted in Crypto News

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  • Tom Lee’s Bitmine now $8 billion underwater as ether tumbles below $2,000
  • Gemini to exit U.K., EU and Australia, reduce staff by 25%, and focus on U.S. and prediction markets
  • Strategy has $6.5 billion loss on BTC, but continues trading at premium to value of its assets
  • Sovcombank says it’s the first Russian bank to offer bitcoin-backed loans to public
  • Solana Foundation’s Liu urges refocus on finance as crypto slides and narratives narrow

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