Renowned investor Ross Gerber slammed BitMine Immersion Technologies Inc.‘s (NYSE:BMNR) strategy on Sunday amid massive unrealized losses on its Ethereum (CRYPTO: ETH) position.
Will BitMine’s Strategy Backfire?
The CEO of Gerber Kawasaki Wealth and Investment Management said the ETH bet by Tom Lee’s company could well turn out to be the “worst trade ever.”
BitMine’s ETH holdings were valued at approximately $8.98 billion, according 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.
Could be close to the worst trade ever… we shall see. https://t.co/FeOmKJLGHc
— Ross Gerber (@GerberKawasaki) February 1, 2026
Are Treasury Models The Future Or A Flop?
Gerber …Full story available on Benzinga.com
