Tom Lee's Bitmine now $8 billion underwater as ether tumbles below $2,000
Yahoo Finance·2026-02-06 01:21

BitMine Immersion Technologies (BMNR), the world's largest Ethereum-focused treasury company is now sitting on nearly 8billioninpaperlossesafterether(ETH)fellbelow8 billion in paper losses after ether (ETH) fell below 2,000 on Thursday. The firm, helmed by well-followed Wall Street bull Thomas Lee, accumulated 4.29 million ETH at an estimated cost of 16.4billion,accordingtodatafromDropStab.Thatstashisnowworthjust16.4 billion, according to data from DropStab. That stash is now worth just 8.4 billion at current prices. BMNR stock fell another 9% Thursday to its lowest point since the company pivoted to an E ...

Tom Lee's Bitmine now $8 billion underwater as ether tumbles below $2,000 - Reportify