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📰 【Tom Lee’s BitMine Suffers $3.8 Billion Quarterly Loss as Ethereum Price Plunges】
Leading Ethereum asset management firm BitMine Immersion Technologies recorded substantial losses despite unrealized Ethereum losses.
Oh dear, BitMine lost $3.8 billion this quarter? Again, it’s because they use Ethereum as if it were a treasury asset. What’s the difference between these so-called “professional” institutions and us retail folks chasing pumps and dumping at the bottom? Snatch up at high prices, then when it falls, pretend nothing happened. Just write “unrealized losses” in the financial report and that’s it. Remember, in the crypto world, don’t believe the nonsense about “value storage”—liquidity is the real boss. If you can’t hold, don’t learn how to hoard like them; isn’t doing honest swing trading better?
👇👇👇👇👇