Tom Lee says BitMine’s $6 billion ether paper loss is “by design"

Tom Lee, a prominent financial analyst and co-founder of Fundstrat Global Advisors, asserts that the staggering $6 billion paper loss incurred by BitMine, a significant player in the cryptocurrency mining industry, is not merely a result of market fluctuations, but is, in fact, “by design.” Lee suggests that this substantial loss may be part of a strategic approach or a calculated decision made by BitMine's management, rather than an inadvertent consequence of adverse economic conditions or poor business decisions. source: https://www.coindesk.com/markets/2026/02/04/tom-lee-says-bitmine-s-usd6-billion-ether-paper-loss-is-by-design