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This unrealized loss makes people's legs weak, but luckily the sky has fallen and a tall one is holding it up. They must be plotting a big move!
Strategy currently has an unrealized loss of about $4.73B, and Bitmine's unrealized loss is about $7.2B.
On-chain analyst Yu Yan released the purchase details of the largest treasury companies for Bitcoin and Ethereum last week:
1. Bitcoin treasury company Strategy(MSTR) bought approximately 4,871 BTC last week at about $67,718 each ($1928374656574839.25T). They now hold a total of 766,970 BTC ($192837465657483904T), with an average cost of $75,644, and an unrealized loss of $4.73B.
2. Ethereum treasury company Bitmine(BMNR) bought approximately 71,252 ETH last week at about $2,063 each ($1928374656574839.25T). They now hold a total of 4,803,334 ETH ($192837465657483904T), with an average cost of $3,644, and an unrealized loss of $7.2B.$ETH