{"id":70319,"date":"2026-02-02T09:01:32","date_gmt":"2026-02-02T09:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=70319"},"modified":"2026-02-02T09:01:32","modified_gmt":"2026-02-02T09:01:32","slug":"tom-lees-bitmine-ethereum-gambit-close-to-being-worst-trade-ever-says-ross-gerber-as-company-faces-billions-in-paper-losses","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=70319","title":{"rendered":"Tom Lee&#8217;s BitMine Ethereum Gambit Close To Being &#8216;Worst Trade Ever,&#8217; Says Ross Gerber As Company Faces Billions In Paper Losses"},"content":{"rendered":"<div>\n<p>Renowned investor\u00a0<strong>Ross Gerber\u00a0<\/strong>slammed <strong>BitMine Immersion Technologies Inc.<\/strong>\u2018s <a class=\"ticker-link\" data-ticker=\"BMNR\" data-exchange=\"NYSE\" href=\"https:\/\/www.benzinga.com\/quote\/BMNR\" target=\"_blank\" rel=\"noopener\">(NYSE:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/BMNR\">BMNR<\/a>) strategy on Sunday amid massive unrealized losses on its <strong>Ethereum <\/strong><a href=\"https:\/\/www.benzinga.com\/quote\/ETH-USD\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"ETH\" data-exchange=\"CRYPTO\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) position.<\/p>\n<h2 class=\"wp-block-heading\">Will BitMine\u2019s Strategy Backfire?<\/h2>\n<p>The CEO of\u00a0<strong>Gerber Kawasaki Wealth and Investment Management<\/strong> said the ETH bet by <strong>Tom Lee\u2019s<\/strong> company could well turn out to be the \u201cworst trade ever.\u201d<\/p>\n<p>BitMine\u2019s ETH holdings were valued at approximately $8.98 billion, <a href=\"https:\/\/dropstab.com\/p\/bitmine-eth-strategy-portfolio-lipdgyz9ho\">according<\/a> to data from DropsTab. Having poured $15.65 billion into these investments, the company is staring down unrealized losses of a massive $6.65 billion as of this writing.<\/p>\n<p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/p>\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Could be close to the worst trade ever\u2026 we shall see. <a href=\"https:\/\/t.co\/FeOmKJLGHc\">https:\/\/t.co\/FeOmKJLGHc<\/a><\/p>\n<p>\u2014 Ross Gerber (@GerberKawasaki) <a href=\"https:\/\/twitter.com\/GerberKawasaki\/status\/2017966821937451320?ref_src=twsrc%5Etfw\">February 1, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/p>\n<\/figure>\n<h2 class=\"wp-block-heading\">Are Treasury Models The Future Or A Flop?<\/h2>\n<p>Gerber &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/02\/50291367\/tom-lees-bitmine-ethereum-gambit-close-to-being-worst-trade-ever-says-ross-gerber-as-compan?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Tom\" lee bitmine ethereum gambit close to being trade ever says ross gerber as company faces billions in paper losses>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Renowned investor\u00a0Ross Gerber\u00a0slammed BitMine Immersion Technologies Inc.\u2018s (NYSE:BMNR) strategy on Sunday amid massive unrealized losses on its Ethereum (CRYPTO: ETH) position. Will BitMine\u2019s Strategy Backfire? The CEO of\u00a0Gerber Kawasaki Wealth and Investment Management said the ETH bet by Tom Lee\u2019s company could well turn out to be the \u201cworst trade ever.\u201d BitMine\u2019s ETH holdings were [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-70319","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/70319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70319"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/70319\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}