ETH price outlook worsens with potential 25% drop
Tom Lee’s Ethereum portfolio has incurred a $7.35 billion loss as the ETH price outlook worsens. The bearish chart setup points to a 25% drop toward $1,600.
The company’s ETH treasury has been affected by the 57% price drawdown from the August 2025 high near $4,955. Despite the losses, BitMine continues to accumulate ETH, with holdings of 5.28 million ETH as of last week.
The ETH price technicals warn of a potential drop, which would push BitMine’s losses over $10 billion. The company’s ETH dominance has also dropped to about 10%, down from roughly 15% in August 2025.
BitMine began building its Ethereum treasury in July 2025, after closing a $250 million private placement to fund the strategy. The company’s ETH treasury is now worth approximately $7.3 billion, with the potential for further losses if the ETH price continues to decline.