Everyone’s worried about Strategy’s Bitcoin treasury getting liquidated, I think that’s highly unlikely.
But what about Bitmine’s Ethereum treasury? That feels like a different story. With an average buy price of $3,120 per ETH, he’s currently down around 12%. Margin calls seem more likely at some point.
$ETH has also been underperforming $BTC , which adds another layer of risk.
BTCUSDT
Perp
87,292.5
+1.77%
ETHUSDT
Perp
2,804.18
-0.00%
