I dug into Tom Lee’s books, and the biggest bagholder in the room has emerged.
BitMine is sitting on 6.07 million ETH at an average cost of $3,352.58, with $20.35 billion invested. At $1,753, that pile is worth just $10.64 billion—a $9.7 billion unrealized loss, or 47.7%. Its 6.07 million ETH is 5% of the circulating supply; there’s no easy way out.
And what’s more, he’s still buying: he added another 9,587 ETH last Monday. Meanwhile, 7 Siblings spent $20 million USDT over seven hours to scoop up 10,925 ETH, with a cumulative unrealized loss of $5.57 million; a 20x short on Hyperliquid is sitting on $15.6 million in unrealized profit. Buying the dip on one side, shorting on the other—with Tom Lee in the middle, down $9.7 billion and still adding to his position.
ETH hit an intraday low of $1,711 and has just bounced back to $1,817, still less than halfway to its $3,352 cost basis. A year of staking earns $188 million; it would take more than 50 years to plug a $9.7 billion hole. $BTC just bounced from 62,006 to 64,384. The broader market caught its breath, but ETH is still stuck in the hole.
A. Buy alongside Tom Lee—$1,800 is the bottom, and he has the money to ride it out.
B. Down $9.7 billion and still adding—is that conviction or just stubbornness? Let’s see $1,700 first.
$ETH $BTC
#以太坊 #BitMine #BuyTheDip
BitMine is sitting on 6.07 million ETH at an average cost of $3,352.58, with $20.35 billion invested. At $1,753, that pile is worth just $10.64 billion—a $9.7 billion unrealized loss, or 47.7%. Its 6.07 million ETH is 5% of the circulating supply; there’s no easy way out.
And what’s more, he’s still buying: he added another 9,587 ETH last Monday. Meanwhile, 7 Siblings spent $20 million USDT over seven hours to scoop up 10,925 ETH, with a cumulative unrealized loss of $5.57 million; a 20x short on Hyperliquid is sitting on $15.6 million in unrealized profit. Buying the dip on one side, shorting on the other—with Tom Lee in the middle, down $9.7 billion and still adding to his position.
ETH hit an intraday low of $1,711 and has just bounced back to $1,817, still less than halfway to its $3,352 cost basis. A year of staking earns $188 million; it would take more than 50 years to plug a $9.7 billion hole. $BTC just bounced from 62,006 to 64,384. The broader market caught its breath, but ETH is still stuck in the hole.
A. Buy alongside Tom Lee—$1,800 is the bottom, and he has the money to ride it out.
B. Down $9.7 billion and still adding—is that conviction or just stubbornness? Let’s see $1,700 first.
$ETH $BTC
#以太坊 #BitMine #BuyTheDip
