Tom Lee responded to the "$6.6 billion unrealized loss": This is a normal phenomenon, and some viewpoints misunderstand the operating logic of the ETH treasury.

Bitmine Chairman Tom Lee responded to reports of $6.6 billion in unrealized losses on ETH holdings in a post on the X platform. He stated that the company's core objective is to track the price of ETH and strive for outperformance throughout the entire market cycle. When the crypto market is in a downtrend, it is normal for the price of ETH to fall in tandem. The "unrealized losses" in Bitmine's ETH holdings during this period are not a system defect but rather part of the product design. Some market opinions have misunderstood the operating logic of the Ethereum Treasury. Otherwise, the market would also criticize index ETFs that incur losses during a downtrend. In the long run, Ethereum will remain an important infrastructure for the future financial system.