Tom Lee’s Ethereum portfolio down $7.35B as ETH price outlook worsens
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- BitMine holds 5.28 million ETH, about 4.37% of Ethereum’s total supply, making it the world’s largest publicly traded Ether treasury.
- BitMine’s Ethereum treasury has incurred roughly $7.35 billion in paper losses after ETH fell 57% from its October 2025 peak near $4,955.
- BitMine continues to buy ETH, aiming to own 5% of Ethereum’s total supply by December despite the mounting losses.
- Ethereum’s chart shows a rising wedge; a breakdown could push the price to $1,600, which would raise BitMine’s paper losses above $10 billion.
Why it matters: BitMine’s investors face mounting paper losses as ETH tumbles, and the firm’s aggressive buying adds balance‑sheet risk; a $1,600 price would push losses above $10 billion, eroding shareholder value.
