Tom Lee Defends BitMine's Ethereum Holdings Amid $6 Billion in Unrealized Losses
ByAinvest
Wednesday, Feb 4, 2026 2:10 am ET1min read
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BitMine Immersion Technologies Chairman Tom Lee defends the company's Ethereum-focused treasury model, calling recent $6.4 billion in unrealized losses "a feature, not a bug." Lee argues that declines in ETH are temporary and will be outperformed by BitMine over a full market cycle. The firm continues to purchase ETH, acquiring 141,000 ETH in the past month.
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