Bitmine Chairman Tom Lee has addressed concerns regarding the company's alleged $6.6 billion unrealized losses and potential pressure on Ethereum prices. Lee emphasized that these claims overlook the core strategy of Bitmine, which is designed to track Ethereum prices and outperform the market over cycles. He explained that holding ETH during market downturns resulting in unrealized losses is a feature, not a flaw, similar to how index ETFs experience losses during declines.
Bitmine Chairman Defends Strategy Amid $6.6 Billion Unrealized Loss Claims
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