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Tag: Tom Lee

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Tom Lee’s Bitmine Faces $6.9B ETH Loss as Stock Crashes 84%
BitMine faces a $6.9B unrealized Ethereum loss as ETH trades near $2,300, adding pressure to its stock and balance sheet.
Tom Lee’s BitMine Immersion Technologies is facing growing pressure as Ethereum prices remain weak.
The firm is holding a large… Read full article
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Tom Lee’s Ethereum Bet Faces $6 Billion Unrealized Loss
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… Read full article
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Gold Boom Seen as a Setup, Not a Threat, for Crypto – Tom Lee
Key Takeaways

According to Tom Lee, gold and silver are rallying on momentum, FOMO, and macro uncertainty.
Lee says crypto is still weighed down by the October deleveraging that erased nearly $20B.
Some crypto investors are shifting into precious metals… Read full article
1d ago
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