Tom Lee Defends BitMine's Substantial Unrealized Losses in Ethereum Holdings

2026/02/05 09:06 (Updated 2026/02/05 10:01)

CoinPost

Written by K.Kobayashi

Tom Lee Defends BitMine's Substantial Unrealized Losses in Ethereum Holdings

Explaining Ethereum's Financial Strategy

Tom Lee, Chairman of the cryptocurrency financial firm BitMine, commented on the 4th about the criticism the company faces due to its substantial unrealized losses in Ethereum (ETH). Lee explained the financial mechanics of Ethereum, noting that a decline in ETH prices naturally results in 'unrealized' losses. He emphasized that the most crucial aspect is Ethereum's role as the future of finance, showcasing a bullish stance on the company's strategy. Lee made these comments in response to the criticisms cited during his statement.

MAGAZINE

Iolite Vol.18

March 2026 issueReleased on 2026/01/30

Interview: Iolite FACE vol.18 Takeshi Chino, Representative Director, Binance Japan PHOTO & INTERVIEW: Mai Shin Special Features: “Future Money — The Current State of Value Transfer” “Upcoming Amendments to Japan’s Crypto Asset Regulations” “The Reality of IEOs” Crypto Journey Beyond a Treasury Company: Becoming an Ethereum Evangelist — The Essence and Determination Behind HODL1’s Digital Asset Treasury (DAT) Strategy Interview with Hiroki Tahara, Representative Director, Kusim Inc. (now HODL1) Series: “Expert Perspectives on Interpreting Volatile Crypto Markets” — Kasou NISHI Series Tech and Future — Toshinao Sasaki …and more

MAGAZINE

Iolite Vol.18

March 2026 issueReleased on 2026/01/30