BitMNR and SharpLink's combined ETH holdings have suffered a floating loss of over $1.9 billion.

According to on-chain analyst Ember, as the price of ETH fell below $3,500, both BitMNR and SharpLink experienced significant unrealized losses on their ETH holdings. BitMNR holds 3,395,422 ETH, worth $11.88 billion, with an average cost of $4,037, and is currently experiencing an unrealized loss of $1.82 billion. SharpLink holds 860,299 ETH, worth $3.01 billion, with an average cost of $3,609, and is currently experiencing an unrealized loss of $93.77 million.