Tom Lee responds to Bitmine's floating loss of 6.6 billion dollars: The floating loss in positions is not a system flaw, but part of the product design

According to market disclosure data, Bitmine, the ETH treasury company, has an unrealized loss of up to $6.6 billion in its ETH holdings. The company's chairman, Tom Lee, responded on the X platform, stating that some market views misunderstand the operational logic of the Ethereum treasury. Bitmine's core goal is to track ETH prices and strive for outperformance over a complete market cycle. It is normal for ETH prices to decline in sync during a downturn in the crypto market.

The "unrealized losses" in ETH holdings that Bitmine is experiencing at this stage are not a systemic flaw but rather a part of the product design. He also questioned whether similar criticism should be directed at index ETFs that incur losses during downturns.

Tom Lee previously emphasized that Bitmine has no liabilities, and given the strengthening fundamentals of Ethereum, the recent market pullback is "very attractive." In the long term, Ethereum will still be an important infrastructure for the future financial system.