💸 TOM LEE’S ETH BET KEEPS BLEEDING
BitMine’s Ethereum strategy remains deep in the red.
📉 Unrealized losses: –$560M
🔻 ETH underwater: 243,765 $ETH
The brutal reality? Every single ETH purchased since accumulation began in July is currently losing.
That keeps BitMine’s average entry price well ABOVE ETH’s current ~$2,300 — no cushion, no margin.
Even last week’s “dip buy” failed to help:
• 41,788 $ETH bought at ~$2,488
• Unrealized loss already: –$7.8M
ETH
2,269.24
-3.26%
This wasn’t buying the bottom.
This was catching a falling knife.
No bounce.
No recovery.
Just deeper drawdowns and more red. 🩸
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