Tom Lee’s BitMine Buys Almost 61,000 ETH аs Ethereum Price Eyes $2K
Share:
Added 60,976 ETH (~$123M) in latest accumulation, continuing large-scale crypto buying pressure. Holdings now 4,535,563 ETH (~$9B); average entry >$3,700 per ETH, leaving billions in unrealized losses. Implication: sustained accumulation supports ETH demand and potential price upside, but large unrealized losses create balance-sheet risk and mixed signals for market impact, DeFi/CEX exposure and adoption.
Predictions Markets
See what traders are focused on
The Tom Lee-chaired former Bitcoin mining entity continues with its substantial ETH accumulation, adding another 60,976 coins for nearly $123 million.
Its total stash has risen to 4,535,563 ETH, valued at over $9 billion at current levels. Nevertheless, the firm’s average entry price for its ETH fortune is still well over $3,700 per coin, which means that it still sits on unrealized losses of billions of dollars.
Read More
Bitmine plans $300M stock for ETH buys – Better than Strategy’s STRC?
