BitMine's ETH Treasury Shows $8.18B Unrealized Loss While Tom Lee Pay Could Reach $95M

BitMine Immersion Technologies disclosed a large unrealized loss tied to its Ethereum holdings, while its chairman Tom Lee's compensation plan can still pay out up to $95 million over five years. The company reported acquiring 4,473,459 ETH for $16.97 billion as of February 28, valuing that position at $8.79 billion, and later said it held 5,278,462 ETH by May 17.