The firm said unrealized losses are expected in a downturn, arguing its ethereum-heavy balance sheet is designed to track and outperform ETH over a full market cycle.
Tom Lee says BitMine's $6 billion ether paper loss is “by design"
AI IMPORTANCE: 8/10
◆
AI INSIGHT
Tom Lee says BitMine's $6 billion unrealized ether loss is 'by design'; BitMine said unrealized losses are expected in a downturn and its ethereum-heavy balance sheet is designed to track and outperform ETH over a full market cycle.
Loading ETH data...
MOBILE APP