Bitcoin and Ethereum treasury companies, Strategy (MSTR) and Bitmine (BMNR), are experiencing a combined floating loss of $12.671 billion amid recent market declines. Strategy, which acquired 1,142 BTC for $90 million last week at an average price of $78,815, now holds 714,644 BTC valued at $54.353 billion. The company's average cost price is $76,056, resulting in a floating loss of $4.971 billion.
Meanwhile, Bitmine purchased 40,613 ETH for $84.15 million at an average price of $2,072 last week. The company currently holds 4,325,738 ETH worth $8.824 billion, with an average cost price of $3,820, leading to a floating loss of $7.7 billion. Despite the significant losses, neither company increased their purchasing efforts during the downturn.
Strategy and Bitmine Face $12.67 Billion Combined Floating Loss
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