BitMine Chairman Tom Lee refutes the claim that unrealized losses in ETH will limit its price

CycleProphet · 2026-02-04T11:36:33+00:00

BitMine Chairman Tom Lee responds to criticism over the company's $6.6 billion unrealized ETH loss, calling it a market function rather than a flaw. Despite the stock price falling with ETH, BitMine has increased its holdings, attracting institutional investors' attention. Lee insists that Ethereum is "the future of finance," and short-term fluctuations will not affect the long-term strategy.

CycleProphet

2026-02-04 11:36:33

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Deep Tide TechFlow News, February 4th, according to The Block, BitMine Chairman Tom Lee recently responded to criticism that the company’s $6.6 billion unrealized ETH losses would limit the future price of Ethereum, stating that unrealized losses during market declines are “a feature, not a flaw.” As the largest enterprise-level Ethereum holder with approximately 4.285 million ETH (accounting for 3.5% of circulating supply), BitMine’s stock price has recently fallen about 30% along with ETH. Despite the market downturn, BitMine continues to increase its ETH holdings and attract institutional investors, including Ark Invest. Lee insists that Ethereum is “the future of finance,” and short-term price fluctuations will not affect its long-term strategy of holding ETH.

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