BitMine Immersion Technologies Chairman Tom Lee said unrealized losses on the company’s Ethereum (ETH) holdings during market downturns are “a feature, not a bug,” emphasizing the nature of its Ethereum-focused treasury model. His comments come as the world’s largest ETH treasury’s paper losses climb to more than $6 billion amid a broader market downturn that has pushed the second-largest cryptocurrency to multi-month lows. BitMine’s Unrealized Losses Exceed $6 Billion BeInCrypto Markets data shows that Ethereum has fallen more than 24% over the past week. This marks the steepest weekly decline among the top 10 cryptocurrencies by market capitalization
source: https://beincrypto.com/bitmine-ethereum-losses-defended-lee/