Home BlockchainEthereum Hits 2-Week Low—And Tom Lee's BitMine Just Added to Its $8.4 Billion Stash

Ethereum Hits 2-Week Low—And Tom Lee's BitMine Just Added to Its $8.4 Billion Stash

by Decrypt
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Ethereum Hits 2-Week Low—And Tom Lee's BitMine Just Added to Its $8.4 Billion Stash

In brief

  • BitMine added more than 51,000 ETH to its stash last week, bringing its total holdings to over 4.4 million ETH.
  • The firm now manages an estimated $8 billion unrealized loss on its Ethereum purchases.
  • BMNR shares have also fallen, down 3.68% on Monday and more than 32% in the last month.

Publicly traded Ethereum treasury BitMine Immersion Technologies accumulated another 51,162 ETH, or about $98 million worth, last week as the price of ETH continued its slide.

The second-largest crypto asset…

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