BitMine Bleeds $6 Billion: Has Tom Lee’s Ethereum Supercycle Bet Turned Fatal?

As the Ethereum (ETH) price reels from a sharp sell-off, few names have drawn more attention than BitMine Immersion Technologies (BMNR), the public company chaired by Fundstrat’s Tom Lee. Once a modest crypto-mining hardware firm, BitMine reinvented itself as the largest corporate holder of Ethereum, amassing roughly 4.24 million ETH, or about 3.5% of the The post BitMine Bleeds $6 Billion: Has Tom Lee’s Ethereum Supercycle Bet Turned Fatal? appeared first on BeInCrypto.