Strategy and BitMine sit on unrealized valuation losses of $5.9bn and $7.8bn, respectively
Summary
- Major strategic bitcoin and ethereum reserve companies said they are sitting in an unrealized valuation loss zone.
- Strategy disclosed its average purchase price, the size of its current unrealized valuation loss, and details of additional purchases made last week.
- BitMine presented the average purchase price of its ETH holdings, its unrealized valuation loss, and the current valuation of its holdings.
Forecast Trend Report by Period
Major strategic bitcoin and ethereum reserve companies appear to be in the red on an unrealized basis.
According to details posted on X (formerly Twitter) on the 9th by on-chain-focused account EmberCN, bitcoin treasury strategy firm Strategy (formerly MicroStrategy) holds a total of 738,731 BTC. Its average purchase price is $75,862, implying an unrealized valuation loss of about $5.907bn at current levels.
BitMine, the world’s largest corporate holder of ethereum, holds a total of 4,534,563 ETH. With an average purchase price of $3,735, it is estimated to be sitting on an unrealized valuation loss of about $7.885bn at current levels.
Last week, both companies continued accumulating despite being in loss territory. Strategy bought an additional 17,994 BTC at an average price of $70,946, while BitMine purchased another 60,976 ETH at an average price of $2,021.
At current prices, the value of their holdings stands at about $50.134bn for Strategy and about $9.051bn for BitMine.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
