MicroStrategy has reported a floating loss of $10.718 billion on its Bitcoin holdings, according to on-chain data analyst Ember. The company recently acquired 1,550 BTC at an average price of $65,332, bringing its total holdings to 845,256 BTC, valued at approximately $53.251 billion. The average acquisition cost stands at $75,680 per BTC, resulting in a 16.7% unrealized loss.
Similarly, BitMine has incurred a floating loss of $9.818 billion on its Ethereum holdings. The company purchased 126,971 ETH last week at an average price of $1,788, increasing its total holdings to 5,543,872 ETH, valued at about $9.286 billion. With an average acquisition cost of $3,446 per ETH, BitMine faces a 51.4% unrealized loss.
MicroStrategy and BitMine Face Significant Unrealized Losses on Crypto Holdings
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