AISaaSFitnessStocksCryptoForexEcomReal EstateMarketingMoneyGlobal
Stocks & Investing·Jun 6, 2026

Tom Lee is sitting on nearly $9B in losses as ethereum slides lower

Scott Melker discusses how Bitmine chairman Tom Lee is reportedly sitting on $9 billion in unrealized ethereum (ETH-USD) losses as the crypto asset has slid below $1,600. Lee currently owns 4.4% of all ethereum tokens. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto.Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

Yahoo1 min readSingle source
Tom Lee is sitting on nearly $9B in losses as ethereum slides lower
Image · Yahoo
The gist
3-point summary · 1 min

Scott Melker discusses how Bitmine chairman Tom Lee is reportedly sitting on $9 billion in unrealized ethereum (ETH-USD) losses as the crypto asset has slid below $1,600. Lee currently owns 4.4% of all ethereum tokens. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto.Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

  • Scott Melker discusses how Bitmine chairman Tom Lee is reportedly sitting on $9 billion in unrealized ethereum (ETH-USD) losses as the crypto asset has slid below $1,600.
  • "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m.
  • Tune in for your daily dose of all things crypto.Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.
$9B$9 billion$1,6004.4%
In this article
ETH· Ethereum
—
Loading…
Binance

Scott Melker discusses how Bitmine chairman Tom Lee is reportedly sitting on $9 billion in unrealized ethereum (ETH-USD) losses as the crypto asset has slid below $1,600. Lee currently owns 4.4% of all ethereum tokens. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto.Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

Integrity note  ·  The source publication didn't make the full article available — Xela wrote this version from what could be gathered (headline, public summary, and signals). Facts and attributions are preserved; for the original piece in the publisher's own words, read it at Yahoo.

What people are saying

Discussion

Hot takes

0/280

Loading takes…

Comments

Discussion · 0

Sign in to comment, like, and save articles.

Sign in

Loading comments…

More in Stocks & Investing

Nvidia Just Slipped Below $5 Trillion. These Are the Few Companies With a Realistic Shot at Catching It.
·

Nvidia Just Slipped Below $5 Trillion. These Are the Few Companies With a Realistic Shot at Catching It.

A handful of megacaps have closed enough ground to make the AI chip leader's crown look less than permanent -- but each would need a specific set of things to break its way.

YahooSingle source
Can You Retire Comfortably on $750,000 in Savings?
·

Can You Retire Comfortably on $750,000 in Savings?

While it's not a fortune, it could be enough to cover your needs.

YahooSingle source
Want to Retire a Millionaire? This Under-$20 Stock Deserves a Look.
·

Want to Retire a Millionaire? This Under-$20 Stock Deserves a Look.

It's growing briskly, adding millions of members annually.

YahooSingle source
Here’s Why Apple (AAPL) is One of the Best Big Company Stocks to Buy Right Now
·

Here’s Why Apple (AAPL) is One of the Best Big Company Stocks to Buy Right Now

Apple Inc. (NASDAQ:AAPL) is one of the Best Big Company Stocks to Buy Right Now. On June 1, Morgan Stanley analyst Erik Woodring reiterated an “Overweight” rating and a price objective of $330. The analyst believes that a successful AI strategy can help unlock a higher valuation for the company’s stock. Apple Inc. (NASDAQ:AAPL)’s recent strength was backed […]

YahooSingle source
Newsletter

Track stocks & investing every morning.

Daily digest tuned to this beat. The 5 stories most worth your time. Unsubscribe anytime.