Rewards Hub Bitcoin treasury company Strategy (MSTR) is experiencing a floating loss of approximately $1.65 billion on its BTC holdings. The company recently acquired 22,337 BTC at an average price of $70,194, totaling $1.568 billion. Strategy's total BTC holdings now stand at 761,068, with a current market value of $55.962 billion and an average cost basis of $75,696.
Similarly, Ethereum treasury company Bitmine (BMNR) is facing a floating loss of about $6.6 billion on its ETH holdings. Bitmine purchased 60,999 ETH last week at an average price of $2,112, spending $129 million. The company holds a total of 4,595,562 ETH, with a current market value of $10.464 billion and an average cost basis of $3,714.
Strategy and Bitmine Face Significant Floating Losses on Crypto Holdings
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