Tom Lee made a big bet in Ethereum, acquiring over 5.6 million coins since July last year, but he has lost substantial sums of money.

Tom Lee made a big bet in Ethereum, acquiring over 5.6 million coins since July last year, but he has lost substantial sums of money.

Bitmine made its smallest purchase since early May as Lee pointed to investors cutting losses before the start of the second half of the year.

BitMine Immersion Technologies continued adding to its Ethereum stockpile, even as its Bitcoin counterpart Strategy stood pat.

BitMine Immersion Technologies bought 27,084 ETH for $43M, bringing total holdings past 5.7 million tokens as Tom Lee targets 5% of Ethereum supply.