Justin Sun: Li Lin Once Concealed Due Diligence Materials, I Lent the Company $30 Million to Fill the Gap

On-chain data as of February 5 shows Bitmine holds 4.243 million Ethereum (ETH) tokens, with an average acquisition cost of roughly $3,849. Amid the recent sustained downturn in the cryptocurrency market, ETH has dropped to $2,115, pushing the firm’s ETH holdings to a record-high unrealized loss of $7.357 billion.

**February 5th Crypto & Market Update** Bitcoin slipped below $74,000 during U.S. stock market morning trading, as the prior day’s rebound from lows quickly fizzled. Tech stocks sold off again, dragging down crypto market sentiment. The Nasdaq 100 extended its weakness, with the software sector tumbling sharply—amplifying worries about the AI industry’s outlook. Crypto mining stocks tied to the AI infrastructure theme dropped in tandem: Cipher Mining, IREN, and Hut 8 all fell more than 10%. Earlier, AMD plunged 14% on weaker-than-expected 2026 performance guidance. On the macro front, U.S. economic data showed divergence: the services sector remained in expansion, but job growth slowed sharply. Some analysts argue the market may be underestimating the Federal Reserve’s potential easing moves in 2026.

**February 5th** Bitcoin is hovering near $74,000 as the crypto market continues to slide. Unrealized losses at Strategy—the world’s largest Bitcoin reserve firm—have widened to $1.464 billion. Strategy holds 713,502 BTC, with an average purchase price of $76,052 and a total cost basis of approximately $54.26 billion.

Per Bitget market data on February 5, AMD shares extended their decline, with intraday losses briefly widening to 16%—the chipmaker’s biggest single-day drop since 2018. NVIDIA (NVDA.O) shares also extended losses, last trading down 3%.

Feb. 5 — Per HTX market data, Bitcoin has once again dropped below $74,000. It was last trading at $73,910, with its 24-hour decline widening to 5.15%.

On February 4th, The Bitcoin Historian reported that White House officials said President Trump will sign the Bitcoin and cryptocurrency market structure bill by April.