Strategy, BitMine Carry About $23 Billion in Unrealized Bitcoin, Ether Losses
Michael Saylor's Strategy and Tom Lee's BitMine are carrying about $23 billion in unrealized losses on their crypto treasuries, according to Artemis data. Strategy's Bitcoin position was down about $12.8 billion and BitMine's Ether treasury about $10.3 billion.
The losses have widened rapidly from earlier this week, when estimates put Strategy's unrealized Bitcoin loss at $10.8 billion and BitMine's Ether loss near $8.9 billion. Ether had fallen 25% in 10 days, and the same data showed Hyperliquid Strategies as the only major digital-asset treasury company still in positive territory, with about $1.2 billion of unrealized gains.
From the sources (8 posts)
@lookonchainJUST IN: Tom Lee (@fundstrat)'s #Bitmine is down $8.9B on 5,416,901 $ETH ($10.03B). Michael Saylor (@saylor)'s #Strategy is down $7.6B on 843,706 $BTC ($56.26B).
@cointelegraph🚨 UPDATE: Tom Lee's Bitmine is currently sitting on $8.86 billion in unrealized losses on its Ethereum treasury.
@cointelegraph🚨 UPDATE: BitMine is down $8.9B on its $ETH holdings, while Strategy is down $7.6B on its $BTC position.
@kalshi_cryptoBREAKING: Michael Saylor's Bitcoin portfolio is down over $10,000,000,000
@cointelegraph🚨 UPDATE: Strategy is now sitting on its largest-ever $BTC unrealized loss at $10.8B after six years of accumulation.
@kalshi_cryptoBREAKING: Tom Lee's Ethereum portfolio is now down $10,000,000,000
@coindeskINSIGHT: The two biggest crypto bulls are now sitting on roughly $22.5B in unrealized losses. Michael Saylor’s $BTC position is down $12.5B, while Tom Lee’s ETH treasury is down more than $10B as Ethereum plunged 25% in 10 days. https://t.
@wublockchainStrategy Down $12.8B, Bitmine Down $10.3B, HYPE Treasury Stands Alone in Profit Artemis data shows Strategy and Bitmine, the largest Bitcoin and Ethereum treasury companies, are carrying unrealized losses of about $12.8 billion and $10.3