Bitcoin treasury company Strategy (MSTR) is grappling with an unrealized loss of approximately $13.262 billion, as it holds 847,400 BTC at an average cost of $75,700 per BTC. This represents a drawdown of about 20.7%. The company did not purchase additional BTC last week, raising concerns about its ability to manage interest payments with its dollar reserves.
Meanwhile, Ethereum treasury company BitMine (BMNR) increased its holdings by 27,084 ETH last week, bringing its total to approximately 5.7 million ETH. With an average acquisition cost of $3,399 per ETH, BitMine faces an unrealized loss of about $10.397 billion, reflecting a drawdown of 53.6%.
Strategy and BitMine Face Significant Unrealized Losses Amidst Market Volatility
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