Tom Lee’s ‘Bitmine’ ETH investment is currently at a $8,000,000,000 unrealized loss.

    https://i.redd.it/sgec0qw26phg1.png

    Posted by kirtash93

    22 Comments

    1. how much did he invest? if this is true and hes only invested millions, who owns the credit risk?

    2. DelapidatedNoodle on

      Those are rookie numbers. I lose that much before I make breakfast in the morning.

    3. But do they have any debt they need to pay back over the next decade? Top search results suggest they have none.

      I think that and staking rewards are the biggest difference between Bitmine and MSTR risk.

    4. entry price is irelevant btimnie didn’t sell anything so he ain’t losing sh1t dont missinform ppl.

    5. ReallyOrdinaryMan on

      Misleading tweet. Treasury firms dont belong to its CEOs, and purchasing coins is not a decision of CEO. People who bought treasury stocks are at loss, not Tom Lee. Tom Lee didn’t buy Bitmine stocks at those high levels.

      Its not like Saylor, because MSTR also using debt, and leveraging investors money.

    6. So now comes the question, are we about to see the end of crypto or is this just a major slump we’ll have to deal with for a while.

    Leave A Reply
    Share via