BitMine анонсировала планы по стейкингу Ethereum на фоне обвала рынка

cryptonews.ruPublished on 2025-11-20Last updated on 2025-11-21

Криптоказначейская (DAT) компания BitMine, которая держит на своих балансах Ethereum (ETH) и биткоин (BTC), объявила 21 ноября о планах запустить сеть валидаторов MAVAN (Made in America Validator Network) для стейкинга эфиров.

Согласно анонсу, событие запланировано на первый квартал 2026 года.

«В глобальных масштабах мы считаем, что наша стратегия наилучшим образом послужит долгосрочным интересам наших акционеров», — заявил председатель BitMine Том Ли.

Акции BitMine рухнули вместе с бумагами других DAT-компаний. Источник: Yahoo Finance.

Акции казначейских криптокомпаний постепенно падают в 2025 году. По словам аналитиков, они столкнулись с обвалом своего мультипликатора чистой стоимости активов (mNAV) — критического показателя, отслеживающего ценовую премию, устанавливаемую на акции такой компании.

По теме: BitMine пополнила Ethereum-казначейство на 110 288 ETH

Согласно отчету исследовательской компании 10x Research, из-за резкого падения цены Ethereum нереализованные убытки BitMine сейчас составляют более $3,7 млрд.

Падение цены эфира после исторического максимума выше $4900 в августе. Источник: TradingView.

Снижение цены означает, что компания «в минусе» более чем на $1000 по каждому токену, который держит. BitMine активно накапливала актив во время его ралли к историческим максимумам в июле и августе.

Обвал альткоина ниже $3000 обнулил годовые достижения казначейских криптокомпаний, удерживающих этот актив. Если цена продолжит падать, это может привести к еще большему финансовому стрессу для таких компаний.

По теме: Ethereum потерял весь рост 2025 года, дальше — $2200?

«Казначейские компании столкнутся с суровой реальностью: привлечь новых розничных инвесторов становится почти невозможно, когда существующие акционеры терпят миллиардные убытки», — написали аналитики 10x Research.

DAT-модель также сталкивается с растущей конкуренцией и размыванием доли рынка. Менеджеры активов, такие как BlackRock, и провайдеры биржевых фондов (ETF) могут предложить инвесторам более дешевый доступ к цифровым активам и вознаграждениям за стейкинг, согласно 10x Research.

Эта статья не содержит инвестиционных советов или рекомендаций. Каждое инвестиционное и торговое решение связано с риском, читатели должны самостоятельно проводить исследование перед принятием решений.

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