Crypto markets tightened financial pressure on companies and funds this week, as falling token prices hit reported asset values and operational plans. Bitcoin traded near $67,973 on February 7, after ranging from about $65,782 to $71,612 in the session.
Meanwhile, Ethereum traded near $2,011, with an intraday range of roughly $1,915 to $2,113. The price swings showed how crypto volatility can move quickly from markets into balance sheets.
Several public firms now hold Ether as a treasury asset, which links reported value directly to the Ethereum price. BitMine Immersion Technologies has increased its ETH exposure and has described its goal as growing ETH per share. The company has published updates on its ETH holdings and broader crypto and cash position.
As ETH fell toward the $2,000 level, market estimates put BitMine’s unrealized losses in the multi-billion range. Tom Lee, the company’s chairman, has defended the model and has said the structure aims to track ETH performance, which increases paper losses when ETH falls.
The losses remain unrealized unless the firm sells assets, but mark-to-market changes can still influence investor sentiment and funding access.
Spot Bitcoin ETFs have expanded Bitcoin access through standard brokerage accounts. That access also transfers Bitcoin drawdowns directly into portfolios, because the funds track Bitcoin’s price rather than smooth returns. BlackRock’s iShares Bitcoin Trust states that it seeks to reflect the performance of Bitcoin’s price.
During the latest slide, a chart shared by Bob Elliott of Unlimited Funds indicated that dollar-weighted returns for the average invested dollar in IBIT turned negative. The move highlighted how quickly ETF investors can shift from gains to losses during a fast sell-off.
IBIT also grew rapidly after launch and reached the $70 billion asset milestone faster than any ETF on record, which increased the number of investors exposed to a sharp downturn.
Also Read: XRP Slides as Bitcoin ETF Outflows Trigger Broad Crypto Sell-Off: Are the Bears Conquering?
Mining operations also faced pressure from the US power grid during extreme weather. CryptoQuant tracking of publicly listed miners showed daily output around 70 to 90 BTC before a late-January winter storm.
Daily production fell to about 30–40 BTC at the disruption’s peak, as miners cut power use or shut down rigs to relieve pressure on local grids. As the weather cleared, output recovered, showing how quickly power issues can disrupt and then restore Bitcoin mining activity.
At the same time, crypto-era infrastructure continues to migrate toward AI computing. Notably, Nvidia made a $2 billion investment in CoreWeave, a firm that began as a crypto miner and now builds AI-focused data center capacity. The move underscored how access to power, sites, and hardware operations developed in mining can support the current demand for high-performance AI infrastructure.