Strategy, BitMine Face $7.98 Billion and $9.33 Billion Unrealized Losses as Buying Continues

The biggest corporate treasury holders of Bitcoin and Ether are sitting on steep unrealized losses, though both kept adding to their positions last week.

On-chain analyst EmberCN said on June 15 that Strategy now holds 846,842 Bitcoin. The holdings are valued at about $56.09 billion, with an average purchase price of $75,656 per token. Unrealized losses stand at about $7.979 billion, or 12.4%.

Strategy continued buying Bitcoin last week, adding 1,587 BTC at an average price of $63,024 for about $100 million.

BitMine, which follows an Ether treasury strategy, is posting even larger unrealized losses. The company now holds 5,620,754 Ether valued at about $9.909 billion. Its average purchase price is $3,422, and its unrealized loss totals about $9.327 billion, or 48.5%.

BitMine also added to its Ether holdings last week, buying 76,881 ETH at an average price of $1,681 for about $129 million.

EmberCN added that BitMine needs about 400,000 more ETH to reach its stated goal of securing 5% of Ether's total supply. At its current pace of purchases, the target could be reached next month.