CryptoBearishcrypto.news · 5h ago6/10
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Tom Lee’s $8 billion Ethereum paper loss turns BitMine into a stress test for ETH maximalism
Tom Lee's Ethereum treasury vehicle BitMine Immersion Technologies faces approximately $8 billion in unrealized losses as ETH trades near two-year lows. Despite significant paper losses, Lee maintains his bullish "supercycle" thesis, positioning the situation as a critical test of conviction among Ethereum maximalists.
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