PANews, May 24: According to Cointelegraph, Tom Lee’s BitMine is facing significant unrealized losses due to the prolonged downturn in Ethereum. With Ethereum down more than 57% from its 2025 high, BitMine’s current unrealized loss on its ETH holdings has expanded to approximately $7.35 billion. Data shows that since launching its ETH reserve strategy in July 2025, BitMine has consistently increased its position despite market conditions, currently holding around 5.28 million ETH—about 4.37% of Ethereum’s total supply—making it the largest publicly disclosed ETH reserve holder globally. Its average cost basis is approximately $3,513, while the current ETH price has fallen to around $2,100.
BitMine's ETH holdings face over $73.5 billion in losses as price falls below $2,100
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Summary
Today, Ethereum’s price fell below $2,100, reducing the value of BitMine’s ETH holdings by over $73.5 billion. The company holds 5.28 million ETH, or 4.37% of the total supply, with an average purchase price of $3,513. The ETH price has declined more than 57% from its 2025 peak. BitMine remains the largest publicly listed holder of ETH.
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