Home BlockchainTom Lees BitMine Buys More Ethereum Despite $7.5 Billion Unrealized Loss

Tom Lees BitMine Buys More Ethereum Despite $7.5 Billion Unrealized Loss

by Decrypt
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Tom Lee’s BitMine Buys More Ethereum Despite $7.5 Billion Unrealized Loss

In brief

  • BitMine Immersion Technologies added around $83 million worth of ETH last week.
  • The firm now holds 4.325 million ETH, or over $8.8 billion worth, but has about $7.5 billion in unrealized losses.
  • Shares of BMNR are up on the day, but down about 59% over the last six months.

Publicly traded Ethereum treasury firm BitMine Immersion Technologies (BMNR) added another 40,613 ETH valued around $83.2 million to its industry-leading Ethereum stash last week, despite its unrealized losses currently…

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