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Tom Lee’s ETH losses at Bitmine exceed FTX customer losses
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Tom Lee’s ETH losses at Bitmine exceed FTX customer losses
Tom Lee, founder of Fundstrat and Chairman of ether (ETH) treasury company Bitmine Immersion Technologies, has lost more on ETH using other people’s money than the $8 billion worth of losses suffered by FTX customers. With 4,422,659 ETH purchased at an average $3,850 apiece, Lee’s company raised capital to buy the asset at over $2,000 more per coin than today’s price. As a result, he’s lost $8.8 billion of his company’s assets. Tom Lee's loss o…
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