Tom Lee’s BitMine sits on $6 billion loss from ether bets

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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

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