Strategy (MSTR) and Bitmine (BMNR) are experiencing substantial floating losses on their cryptocurrency holdings, according to on-chain analyst Ember. Strategy holds 720,737 BTC valued at approximately $47.415 billion, with an average acquisition cost of $75,985 per Bitcoin, leading to an unrealized loss of $7.35 billion. Similarly, Bitmine holds 4,473,587 ETH worth around $8.652 billion, with an average cost of $3,759 per Ethereum, resulting in an unrealized loss of $8.164 billion. These figures highlight the financial impact of current market conditions on major crypto treasury companies.
Strategy and Bitmine Face Significant Floating Losses on Crypto Holdings
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