Tom Lee responds to critics targeting BitMine’s $6B unrealized ETH loss — and he’s calling it normal, not a failure.


Here’s the breakdown:

✅ Unrealized losses = expected for long-term treasury strategies

✅ ETH treasuries act like index ETFs — prices fluctuate with the market

✅ Drawdowns ≠ broken plan; it’s the cost of holding a long-term asset


In plain trader terms:

📉 Short-term PnL looks ugly

📈 Long-term positioning stays intact

⚡ Volatility is the price of staying in the game

Why it matters:

ETH treasuries aren’t designed to trade tops & bottoms

They survive cycles, not chase weekly hype

Weak hands panic, treasuries endure

Market takeaway: Red candles aren’t a flaw — they’re part of the strategy.

$ETH $BNB $BTC

BTC
BTCUSDT
66,151.4
-8.79%
BNB
BNBUSDT
655.3
-8.48%
ETH
ETHUSDT
1,954.04
-8.05%

#ETH #Ethereum #BitMine #TomLee #DiamondHands