Cryptocurrency3 Jun 2026SEO 801 min read

Analysis: Bitmine's Ethereum bet nears $9 billion loss as ether falls below $1,800

Shares of Tom Lee's Ethereum treasury firm hit their lowest level since the company's crypto pivot as ETH revisits the February lows. Bitmine, the la…

Shares of Tom Lee's Ethereum treasury firm hit their lowest level since the company's crypto pivot as ETH revisits the February lows. Bitmine, the largest Ethereum treasury firm, is sitting on an estimated $8.9 billion in unrealized losses as ETH fell below $1,800 in the latest crypto pullback. The company’s shares hit their lowest level since it adopted its Ethereum treasury strategy in May 2025. The selloff highlights the growing gap between Bitmine Chairman Tom Lee's bullish c…

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