# Tom Lee's Ethereum Bet Is Down $9 Billion | CoinDesk Daily

Page: https://stenobird.com/podcast/coindesk-podcast-network-334494/tom-lee-s-ethereum-bet-is-down-9-billion-coindesk-daily
Text version: https://stenobird.com/podcast/coindesk-podcast-network-334494/tom-lee-s-ethereum-bet-is-down-9-billion-coindesk-daily.md
Podcast: [CoinDesk Podcast Network](https://stenobird.com/podcast/coindesk-podcast-network-334494)
Published: 2026-06-04T16:33:00+00:00
Episode link: https://traffic.megaphone.fm/CDI6960709992.mp3
Audio file: https://traffic.megaphone.fm/CDI6960709992.mp3
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JSON: https://stenobird.com/v1/public/podcasts/coindesk-podcast-network-334494/episodes/tom-lee-s-ethereum-bet-is-down-9-billion-coindesk-daily
Duration seconds: 77

## Resource

Bitmine sitting on $9B of unrealized losses from its ETH bag. Bitmine, the largest corporate holder of ether, is sitting on nearly $9 billion in unrealized losses as ETH falls below $1,800. Chairman Tom Lee still predicts a $250,000 price target, but shares of BMNR are down drastically since early May. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

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## Transcript

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