Bitmine’s Ether Treasury Falls to About $10 Billion as Unrealized Loss Hits $8.86 Billion
Recent estimates put Tom Lee's Bitmine Ether treasury at about $10.03 billion, leaving the company with roughly $8.86 billion in unrealized losses on 5,416,901 ETH. The updated valuation follows the company's recent expansion of its Ethereum holdings.
On June 1, Bitmine said it had acquired 26,497 ETH over the previous week, lifting total holdings to 5.42 million ETH, or 4.49% of Ethereum's circulating supply. The company valued that position at about $10.8 billion at the time.
From the sources (13 posts)
@cointelegraph🔥 JUST IN: Bitmine bought 26,497 ETH over the past week, bringing its total holdings to 5.42M ETH.
@coinmarketcapJUST IN: ⚡ Bitmine acquired 26,497 ETH last week, bringing its total holdings to 5.42 million ETH.
@kalshi_cryptoJUST IN: Tom Lee's 'BitMine' buys $50M worth of Ethereum
@wublockchainBitmine Adds 26,497 ETH, Holdings Reach 5.42 Million ETH Bitmine (NYSE: BMNR) announced it acquired 26,497 ETH over the past week, bringing total holdings to 5.42 million ETH, equivalent to 4.49% of Ethereum’s circulating supply. The com
@degeneratenewsNEW: @BitMNR ANNOUNCES IT NOW HOLDS 4.49% OF TOTAL $ETH SUPPLY “BITMINE IS 90% OF THE WAY TO THE ‘ALCHEMY OF 5%’ IN JUST 11 MONTHS” SOURCE:
@kalshi_cryptoJUST IN: Tom Lee says 'BitMine' now holds 4.5% of the total Ethereum supply
@coingeckoJUST IN: BitMine Immersion purchases another 26,497 Ethereum.
@coindeskMARKETS: Tom @fundstrat Lee's @BitMNR acquires 26,497 $ETH, bringing total holdings to 5.42M $ETH worth $10.8B . The firm now controls 4.5% of Ethereum's total supply.
@theblockcoBitmine acquires 26,497 ETH as it targets a slower approach to 5% of Ethereum's total supply
@degeneratenewsBREAKING: TOM LEE'S @BitMNR $ETH PORTFOLIO DROPS BELOW $10 BILLION UNREALIZED LOSS NOW SURPASSES $8.8 BILLION SOURCE:
@kalshi_cryptoBREAKING: Tom Lee's Ethereum portfolio is now down $8,800,000,000
@lookonchainJUST IN: Tom Lee (@fundstrat)'s #Bitmine is down $8.9B on 5,416,901 $ETH ($10.03B). Michael Saylor (@saylor)'s #Strategy is down $7.6B on 843,706 $BTC ($56.26B).
@cointelegraph🚨 UPDATE: Tom Lee's Bitmine is currently sitting on $8.86 billion in unrealized losses on its Ethereum treasury.