🔔Tom Lee Responds to Bitmine's $6.6 Billion Unrealized Loss: Unrealized Losses Are Not a System Flaw, But Part of Product Design Mars Finance reports that in response to market data claiming that Ethereum treasury company Bitmine's ETH holdings have unrealized losses of up to $6.6 billion, Bitmine Chairman Tom Lee responded on the X platform, stating that some market opinions have misunderstood the operating logic of Ethereum treasuries. Bitmine's core objective is to track the ETH price and strive to achieve outperformance throughout a complete market cycle. When the crypto market is in a downtrend, the ETH price falling in tandem is a normal phenomenon. The "unrealized losses" in Bitmine's ETH holdings during this phase are not a system flaw, but part of the product design. He then questioned whether index ETFs experiencing losses during a downtrend should also be criticized. Tom Lee previously emphasized that Bitmine has no debt, and given the strengthening of Ethereum's fundamentals, the recent market correction is "very attractive." He believes that in the long term, Ethereum will remain a crucial infrastructure for the future financial system.