Tom Lee Responds to "$6.6 Billion Unrealized Loss": A Normal Phenomenon, Some Views Misunderstand ETH Treasury Operation Logic

Odaily News Bitmine Chairman Tom Lee posted on the X platform in response to ETH holdings showing an unrealized loss as high as $6.6 billion. He stated that the company's core objective is to track the ETH price and strive for outperformance over a full market cycle. It is normal for the ETH price to decline in sync with the broader crypto market during a downturn. The "unrealized losses" on Bitmine's ETH holdings during this phase are not a system flaw but part of the product design. Some market views have misunderstood the operational logic of the Ethereum treasury; otherwise, the market would similarly criticize index ETFs that incur losses during downturns. In the long run, Ethereum will remain a crucial infrastructure for the future financial system.