🚨 Tom Lee's “Bitmine” ETH investment is currently losing 6 billion dollars

In the crypto world, there's no such thing as a “permanent winner,” and this news serves as yet another testament to that fact.

Tom Lee, the co-founder of Fundstrat, has led Bitmine to invest heavily in Ethereum (ETH), and reports are emerging that they are currently facing losses of at least 6 billion dollars (6,000,000,000 USD).

📉 Why have they lost so much?

• Long-term decline in ETH price

• Deteriorating market sentiment

• Risk-off behavior from institutional investors

• Investment structure using leverage

Especially since Bitmine anticipated ETH to be a “long-term big profit” and acquired a large amount, the impact when the market changed was quite significant.