Tom Lee's 'BitMine' Has a $10.5 Billion Unrealized Loss in Ethereum
It’s troubling times for millionaire Tom Lee, as his investment arm BitMine Immersion Technologies (NYSE: BMNR) has a heavy concentration in Ethereum. The entrepreneur is now sitting on a $10.5 billion in unrealized losses in ETH. The second-biggest cryptocurrency by market cap plunged to the $1,500 level on Friday. Market analysts are estimating that the downturn could likely continue, making Ethereum enter further muddy waters. Also Read: Michael Saylor Faces $14 Billion Unrealized Losses in Bitcoin JUST IN: Michael Saylor's 'Strategy' currently has a $14,000,000,000 unrealized loss on its Bitcoin investment. Tom Lee's 'Bitmine' currently has a $10,500,000,000 unrealized loss on its $ETH investment. pic.twitter.com/rtCxQqUlMq — Watcher.Guru (@WatcherGuru) June 25, 2026 Tom Lee’s BitMine had purchased Ethereum at an average price of $3,400 to $3,900 per token. The company holds over 5.4 to 5.8 million ETH, and is close to owning 5% of the overall supply. This i...