Tom Lees Ethereum Portfolio Sits on $7.35B Loss as ETH Price Slumps
Tom Lees BitMine faces about $7.3 billion in paper losses on its Ethereum treasury as Ether (ETH) traders weigh worsening sentiment, ETF outflows and a bearish chart setup pointing toward $1,600. Key takeaways:Bitmine keeps buying ETH even as its losses mount amid the 57% price drawdown from the August 2025 high.ETH price technicals warn of a 25% drop, which would push Bitmines losses over $10 billion. Lee continues buying ETH despite mounting losses Ether has fallen more than 57% from its October 2025 peak near $4,955 on Coinbase, with the sell-off also eroding Ethereums market share. ETHs dominance (ETH.D) has dropped to about 10%, down from roughly 15% in August 2025. BitMine began building its Ethereum treasury in July 2025, days after closing a $250 million private placement to fund the strategy. By July 14, the company disclosed holdings of 163,142 ETH, worth about $500 million at the time. As of last week, BitMine held 5.28 million ETH, or about 4.37% of Ethereum‘s total supply, making it the world’s largest publicly traded Ether treasury company. That means Tom Lees firm kept accumulating ETH through the drawdown, even as its losses widened. Lee has not treated the losses as a reason to retreat. In February, he argued








