TechFlow reports that on February 4, in response to market-disclosed data indicating that Bitmine—the Ethereum treasury company—had an unrealized loss of up to $6.6 billion on its ETH holdings, Bitmine Chairman Tom Lee posted a rebuttal on X. He stated that certain market views misunderstand the operational logic of the Ethereum treasury. Bitmine’s core objective is to track ETH’s price and strive for outperformance across full market cycles. It is normal for ETH’s price to decline alongside broader crypto market downturns. The “unrealized losses” on Bitmine’s ETH holdings during such downturns are not a systemic flaw but an inherent part of the product design—and he questioned whether index-based ETFs experiencing losses during bear markets should likewise be criticized. Earlier, Tom Lee also emphasized that Bitmine carries no debt, and given Ethereum’s strengthening fundamentals, the recent market correction is “highly attractive.” In the long term, Ethereum remains a critical infrastructure component of the future financial system.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
