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
$73,496.27-0.03%
Ethereum24h
$2,015.93+0.31%
BNB24h
$646.64+1.45%
XRP24h
$1.36+3.44%
Solana24h
$82.44+0.25%
TRON24h
$0.3441-2.25%
Hyperliquid24h
$64.96+4.78%
Dogecoin24h
$0.1002+0.53%
UNUS SED LEO24h
$10.00-0.48%
Stellar24h
$0.2700+36.10%
Tom Lee’s ETH losses at Bitmine exceed FTX customer losses
Bitmine Immersion Technologies Chairman Tom Lee has lost more of his investors’ money buying ETH than FTX lost on behalf of its customers.
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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