Tom Lee’s BitMine Is Now Down $6 Billion on Ethereum (Ether) Bets

Tom Lee’s BitMine is now down $6 billion on Ethereum (ether) bets

The firm’s recent ETH purchases came just ahead of a sharp market slide, pushing unrealized losses past $6 billion as liquidity thinned and liquidations picked up.

Tom Lee's BitMine Down $6B On Ethereum, But Here's Why He Keeps Buying - BitMine Immersion (AMEX:BMNR)

BitMine Immersion Technologies (NYSE:BMNR) is sitting on over $6 billion in paper losses after Ethereum (CRYPTO: ETH) crashed from $3,000 to $2,300, yet chairman Tom Lee added 41,788 ETH last week at an average price of $2,317. The Underwater Position BitMine now holds 4.285 million ETH—representing 3.55% of total Ethereum supply—worth approximately $9.6 billion at current prices.  The position peaked at nearly $14 billion in October before the …

BitMine Faces $6 Billion Unrealized Loss as Ethereum Slides Below Cost Basis Altcoin News ETHNews

BitMine Immersion Technologies, the public crypto treasury company chaired by Tom Lee, is facing mounting scrutiny after Ethereum’s latest downturn pushed the firm’s massive ETH position deep into unrealized loss territory. With ether dropping to near $2,300, BitMine is now sitting on an estimated $6 billion paper loss, based on an average acquisition price close to $3,800 per ETH. The drawdown comes amid a broader crypto market deleveraging eve…

Ethereum Faces Decline as Tom Lee's BitMine Loss Swells

Ethereum dips below $2,000 amid BitMine's $6B unrealized losses, prompting market unease.

Expert Predicts Ethereum Crash Below $2K as Tom Lee’s BitMine ETH Unrealized Loss Hits $6B

Ethereum extended its selloff today, falling below $2,500 amid broad market stress, leading to an increase in the unrealized loss on BitMine’s investment. At press time, ETH was trading at $2,370, down 12.27% over 24 hours, with weekly and monthly losses of approximately 20% and 21%, respectively. The Ethereum crash followed Bitcoin’s drop, heavy liquidations, The post Expert Predicts Ethereum Crash Below $2K as Tom Lee’s BitMine ETH Unrealized …

BitMine Battles $6B Unrealized Ether Loss as Crypto Sell-Off Deepens

BitMine Immersion Technologies, a publicly traded crypto treasury vehicle tied to investor Tom Lee, has faced a sharp mark-to-market unwind on its Ether holdings as recent liquidations ripple through crypto markets. The company boosted its Ether position by 40,302 tokens last week, lifting total holdings to more than 4.24 million ETH. Data from Dropstab indicate that unrealized losses now exceed $6 billion, illustrating how balance-sheet strateg…