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Bitmine Immersion Technologies President Tom Lee on Tuesday defended the strategy The lowest price of Ethereum Company sharesemphasizing that the loss of unfulfilled papers is at risk when a publicly listed company is built to demonstrate The price of Ethereum In the complete market.
Lee’s comments came in response to a social media post that accused Bitmain of sitting on a massive scam that has yet to materialize and set the future of Ethereum trading.
“BMNR now carries an unexpected loss of $ 6.6 billion on the Ethereum it collected. This is Ethereum that will be sold in the future, putting a cap on the future.” Ethereum price change. “Tom Lee was the best way to get the early Ethereum whales to lose their money,” he tweeted.
Lee recommends Ethereum Treasury as a long-term investment strategy
In response, Lee said that the company’s goal is to carefully analyze the price of Ethereum and look for a good long-term project with its strategy, not to try to minimize the decline.
He also said that the losses that cannot be incurred in nature are reflected in the large declineDigital currencyHe wonders why critics see this as a special problem when index products also fall in the market during a downturn.
Ethereum fell sharply at the end of the decline, and Bitmain’s growing economy boosted the computational flow that comes with a stable environment.
Bitmain has smartly presented itself as a long-term bet on Ethereum’s role in finance and capital markets, including and gathering infrastructure. To save (staking) Ethereum.
Bitmain’s Ethereum holdings rise to 4.24 million as fiat losses exceed $6 billion
In the company’s latest statement, Bitmain said it had 4.24 million ETH as of January 25, and added that it had acquired 40,302 ETH in the previous week. At the same time, unrealized losses exceeded $ 6 billion.
The same words indicated a change in politics and institutions. He cited the words of President Donald Trump saying that Congress is working on legislation to create a cryptocurrency market, which he hopes to sign soon, and he explained tokenization as a topic to gain power among the major financial players.
Lee linked the recession to market pressure, pointing to the consequences The record $19 billion event took place in Octoberand the way it enters the metal supply chain can eliminate the risk appetite of cryptocurrencies in a volatile period.
The event has also opened up a lot of discussion about the cryptocurrency economy of the institutional type, especially those that use Ethereum instead of Bitcoin.
Lee seems to be treating the recent decline as part of his management, not evidence that the trend has been broken, and he has been maintaining his long-term view that Ethereum is at the heart of where money is going.
A note Bitmain CEO Tom Lee points to the loss of the Ethereum economy, asking whether ETFs should be treated the same way. appeared for the first time Cryptonews Arabic.
