Tom Lee: Bitmine’s ETH Losses Are Normal for Its Strategy

The post Tom Lee: Bitmine’s ETH Losses Are Normal for Its Strategy appeared first on Coinpedia Fintech NewsBitmine (BMNR) has faced criticism after reports showed an unrealized loss of about $6.6 billion on its Ethereum holdings amid a market downturn. Some traders warned that this could create future selling pressure and limit ETH’s price. Bitmine Chairman Tom Lee pushed back, saying these views misunderstand the purpose of an Ethereum treasury; it’s meant to ...