Tom Lee’s BitMine sits on $6 billion loss from 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. source https://www.coindesk.com/markets/2026/02/01/bitmine-s-ether-bet-is-now-usd6-billion-in-paper-loss