"Strategy sitting on $10.5bn in unrealized gains…Bitmine on $3.2bn unrealized losses"
Summary
- EmberCN said Strategy bought an additional 13,627 bitcoins last week, bringing its total holdings to 687,410.
- EmberCN added that Strategy’s average bitcoin purchase price is $75,353, leaving it with about $10.55bn in unrealized gains at current levels.
- EmberCN said Bitmine’s average Ethereum purchase price is $3,862, leaving it with about $3.225bn in unrealized losses.
Forecast Trend Report by Period
Major companies holding Bitcoin (BTC) and Ethereum (ETH) as treasury assets stepped up purchases last week, but unrealized profit and loss diverged sharply due to differences in price performance by asset.
On the 12th, on-chain analytics account EmberCN said on X (formerly Twitter), "Strategy bought an additional 13,627 bitcoins last week at an average price of $91,519, bringing its total holdings to 687,410." It added, "With an average purchase price of $75,353, this translates to about $10.55bn in unrealized gains at current levels."
EmberCN also said, "Ethereum treasury company Bitmine bought an additional 24,266 ether last week at an average price of $3,122." This lifted Bitmine’s total ether holdings to 4,167,768.
However, EmberCN explained, "Bitmine’s average purchase price for Ethereum is $3,862, leaving it with roughly $3.225bn in unrealized losses at current market prices."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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