Tom Lee's Bitmine now $8 billion underwater as ether tumbles below $2,000

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Why This Matters

Tom Lee's Bitmine has lost $8 billion in value due to the decline of ether below $2,000, but the firm claims it has no intention of selling its holdings.

Market Impact

Market impact analysis based on bearish sentiment with 90% confidence.

Sentiment
Bearish
AI Confidence
90%
Time Horizon
Short Term

Article Context

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Despite its mounting losses and plunging share price, the ether treasury firm says it's under no pressure to sell its holdings.

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Original article published by CoinDesk on February 5, 2026.
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