Since price is already going down very deep, might be worth to buy. Bitmine new stock that plan to fundraise $300m to buy Ethereum at current price could be a bullish signal for you, if you ever plan to accumulate.
Bitmine started accumulating ETH in mid 2025 and has kept buying ever since. But you know what, their ETH position is currently sitting on an unrealized loss of around $9B, with an average entry price of about $3,500.
I would not dare say this is a bad investment strategy because I'm not an expert. But in my opinion, it is a bad idea to use them as a basis for evaluating Eth's potential or as a signal to buy in. Because they are facing significant losses on their investment.
There is no guarantee that ETH will not drop to $1,100 or $1,200
