Bitmine's Unrealized Loss Exceeds Strategy's Bitcoin Position Loss

Odaily Odaily reports that according to Lookonchain statistics, as the crypto market continues to correct, the unrealized loss on the books of Bitmine, an Ethereum reserve company backed by Tom Lee, has exceeded the unrealized loss on Strategy's Bitcoin holdings.

Data shows that Bitmine currently holds 5,416,901 ETH, worth approximately $10.03 billion at current market prices, resulting in an unrealized loss of about $8.9 billion compared to its purchase cost.

Meanwhile, Strategy, led by Michael Saylor, holds 843,706 BTC, with a current market value of approximately $56.26 billion, and an unrealized loss on its books of about $7.6 billion.