"ETH·SOL, DAT purchase price undercut… Bitmain valuation losses exceed $2.8 billion"

Source
Minseung Kang

Summary

  • It reported that Ethereum (ETH) and Solana (SOL) prices are significantly below the average purchase price of major Digital Asset Treasuries (DAT).
  • Bitmain purchased approximately 3,505,000 ETH at an average of $4,020, but is currently at about 20.14% valuation loss, and its unrealized losses are reported to be about $2.8 billion.
  • It also reported that Forward Industries' SOL investment is recording a 38.53% valuation loss compared to the average purchase price of $232.08.
Photo = Shutterstock
Photo = Shutterstock

Ethereum (ETH) and Solana (SOL) prices have fallen well below the average purchase price of major Digital Asset Treasuries (DAT), widening valuation losses across institutional portfolios.

On the 14th, crypto-focused media BlockBeats reported, "Both Ethereum and Solana have been pushed below major DAT purchase levels, and Bitmain's unrealized losses have exceeded approximately $2.8 billion."

First, Strategy (formerly MicroStrategy) is understood to have purchased 641,692 Bitcoins (BTC) at an average of $74,085. This corresponds to an approximately 31.67% profit range compared to the current price.

By contrast, ETH- and SOL-based DATs show larger losses. Bitmain acquired roughly 3,505,000 ETH at an average of $4,020, but is currently recording about a 20.14% valuation loss. Forward Industries purchased a total of 6,871,599 SOL at an average of $232.08, and with SOL's decline the valuation loss rate reaches 38.53%.

publisher img

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
What did you think of the article you just read?