Tom Lee's Bitmine now $8 billion underwater as ether tumbles below $2,000

BitMine Immersion Technologies (BMNR), the world's largest Ethereum-focused treasury company is now sitting on nearly $8 billion in paper losses after ether (ETH) fell below $2,000 on Thursday. The firm, helmed by well-followed Wall Street bull Thomas Lee, accumulated 4.29 million ETH at an estimated cost of $16.4 billion, according to data from DropStab. That stash is now worth just $8.4 billion at current prices. BMNR stock fell another 9% Thursday to its lowest point since the company pivoted to an E ...