BitMine lost $8 billion on ETH but Tom Lee still made tens of millions
BitMine’s losses on its ETH bet might exceed losses at FTX, but Tom Lee will make tens of millions of dollars regardless.
Bitcoin24h
$64,693.64+0.54%
Ethereum24h
$1,912.95+0.27%
BNB24h
$602.73-0.50%
XRP24h
$1.00+0.00%
Solana24h
$77.01+1.50%
TRON24h
$0.3337+0.92%
Hyperliquid24h
$58.68-0.66%
Dogecoin24h
$0.0703-0.04%
UNUS SED LEO24h
$9.46+0.54%
Zcash24h
$506.05-1.02%
Tom Lee’s BitMine ETH holdings are down $8B as crypto crashes
BitMine’s ETH holdings surpassed an unrealized loss of over $8B today despite spending $16B on the cryptocurrency.
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We found HTX’s reserves at Poloniex—by Protos Staff
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Winklevoss’ Zcash company pivots to cancer drug after $37.8M loss—by Protos Staff
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SpaceX crashed too hard for insiders’ bonus unlock—by Protos Staff
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Is a crisis brewing at Crypto.com?—by Protos Staff
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BitMart founder denies exit scam as withdrawals stall—by Protos Staff
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Is Justin Sun mixing HTX’s reserves with Poloniex?—by Protos Staff
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Jefferies slashes SanDisk price target 42% despite record earnings—by Protos Staff
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Short-seller called Nvidia top by not trusting Jensen Huang—by Protos Staff
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Did Bitcoin bridge Boltz silently warn of a government takeover?—by Protos Staff
