Bitmine’s Ethereum Treasury Faces $6.9B Paper Losses in Market Slump
Bitmine, the crypto-focused agency chaired by Fundstrat co-founder Tom Lee, is sitting on greater than $6.9 billion in unrealized losses on its Ethereum (ETH) holdings. The state of affairs highlights the extreme influence of the latest crypto market correction on giant, concentrated institutional bets. Bitmine’s ETH Bet Comes Under Pressure According to portfolio knowledge from…
