CryptoQuant: Multiple cryptocurrency treasury firms face pressure from unrealized losses

CryptoQuant, in an article on its X platform, stated that Bitcoin is under pressure, and so are treasury firms holding Bitcoin assets. Not only are Bitcoin-holding treasury firms affected, but those holding altcoins are also impacted. For example, Evernorth's XRP position has incurred $78 million in unrealized losses, despite only being in the market for 2.5 weeks. Furthermore, Strategy's stock price has fallen 53%, and is currently trading near the lower end of its MSTR price range ($221) based on its Bitcoin holdings. Metaplanet holds 30.8 Bitcoins at an average purchase price of $106,000; its unrealized losses are approximately $120 million, and its stock price is down about 80% from its all-time high. Since the market crash on October 10th, Bitmine has added 442,000 Ethereum to its portfolio, but they still face approximately $2.1 billion in unrealized losses.