Bitmine's unrealized losses have surpassed those of Strategy's Bitcoin holdings

Odaily Planet Daily reported that, according to Lookonchain, as the crypto market continues to decline, Tom Lee-backed Ethereum reserve company Bitmine's unrealized book losses have exceeded those of Strategy's Bitcoin holdings.

Data shows that Bitmine currently holds 5,416,901 ETH, worth approximately $10.03 billion at current market prices, incurring unrealized losses of about $8.9 billion from the average purchase cost.

Meanwhile, Strategy, led by Michael Saylor, holds 843,706 BTC, currently valued at approximately $56.26 billion, with book unrealized losses of about $7.6 billion.