Strategy and Bitmine, major treasury companies in the cryptocurrency space, have reported substantial unrealized losses. Strategy (MSTR) recently acquired 17,994 BTC at an average price of $70,946, totaling $1.276 billion. The company now holds 738,731 BTC valued at $50.134 billion, with an average cost basis of $75,862, resulting in an unrealized loss of $5.907 billion. Similarly, Bitmine (BMNR) purchased 60,976 ETH for approximately $1.23 billion at an average price of $2,021 per ETH. Bitmine's total holdings amount to 4,534,563 ETH, valued at $9.051 billion, with an average cost basis of $3,735 per ETH, leading to an unrealized loss of $7.885 billion.