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The BMNR, which is claimed to be the "Ethereum version of MicroStrategy" led by Tom Lee, announced its holdings data last week.
This time the action was quite restrained - only 69,800 Ether were collected, costing almost 198 million USD. Compared to the buying speed of the previous two months, the pace has clearly slowed down this week.
Let's do some math: Their average cost for Ethereum is 3997 dollars. Now ETH is hovering around 2805 dollars, which means a paper loss of nearly 30%, with the cumulative loss figure even more staggering—42.5 billion dollars has evaporated just like that.
Next time you feel frustrated looking at your trapped Holdings, why not think of BMNR and Tom Lee? That's what you call true high-position guarding; your small losses don't count for anything.