Strategy and BitMine Face Significant Losses in Cryptocurrency Holdings

Strategy and BitMine, two major cryptocurrency treasury companies, are experiencing substantial unrealized losses in their holdings. According to BlockBeats, Strategy currently holds 717,131 BTC, with an average purchase price of $76,027 per Bitcoin, resulting in an unrealized loss of $5.756 billion. Meanwhile, BitMine holds 4,371,497 ETH, acquired at an average price of $3,801 per Ethereum, leading to an unrealized loss of $7.943 billion. These figures highlight the financial challenges faced by both companies in the volatile cryptocurrency market.