The post Tom Lee’s Ethereum Bet Faces $6 Billion Unrealized Loss appeared on BitcoinEthereumNews.com.

Ethereum Tom Lee’s Ethereum-focused vehicle, BitMine, is currently sitting on an estimated $6 billion unrealized loss as Ethereum continues to trade well below its average acquisition price. Key takeaways BitMine is facing an estimated $6 billion unrealized loss on Ethereum ETH is trading near $2,300, far below the firm’s ~$3,800 average cost The drawdown is approximately 40% Total exposure now exceeds 4 million ETH Despite losses, BitMine continues to accumulate and stake ETH Ethereum is hovering near $2,300, roughly 40% below BitMine’s estimated average cost of around $3,800, placing the position among the most aggressive long-term ETH allocations in the market. Inside BitMine’s Ethereum exposure According to portfolio data, BitMine’s total Ethereum exposure now exceeds 4 million ETH, making it one of the largest known concentrated ETH positions. At current prices, the portfolio’s unrealized losses stand at roughly $5.98 billion, with no realized losses recorded, indicating the firm has not reduced its position. 🔥 TOM LEE IS DOWN $6 BILLION ON ETH BitMine’s Ethereum position is now sitting on an estimated $6,000,000,000 unrealized loss. ETH is trading near $2.3k, well below BitMine’s estimated average cost near $3.8k. That’s a drawdown of ~40%. Despite this, BitMine continues to… pic.twitter.com/bRUhRN6wzK — Coin Bureau (@coinbureau) January 31, 2026 Total invested capital is estimated at over $15.6 billion, while the current portfolio value sits closer to $9.7 billion, reflecting the scale of the drawdown following Ethereum’s prolonged correction. A strategy built on conviction, not timing Despite the magnitude of the losses, BitMine’s strategy appears unchanged. The firm continues to accumulate Ethereum and deploy it into staking, signaling a long-term thesis centered on network yield, monetary premium, and Ethereum’s role as programmable financial infrastructure. This approach mirrors other conviction-based strategies seen in crypto markets, where price volatility is treated as secondary to long-term adoption and…

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Filed under: News - @ February 1, 2026 6:20 am