With the market downturn, Tom Lee's Bitmine currently has unrealized losses exceeding $7.3 billion. Bitmine currently holds 4,285,125 shares at an Medium purchase price of $3,825.71, with a total investment of $16.39 billion.
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Thomas (Tom) Lee (not drummer) FSInsight.com
@fundstrat
02-03
These tweets miss the point of an ethereum treasury:
- BitMine is designed to track the price of $ETH
- outperform over the cycle (think up ETH)
- crypto is in a downturn, so naturally ETH is down
$BMNR will see “unrealized” losses on our holdings of ETH during these times:
- x.com/thinkingusd/st…

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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