Bitmine's Unrealized Loss Surpasses Strategy's Bitcoin Unrealized Loss

Odaily Planet Daily News According to Lookonchain, as the crypto market continues to decline, the unrealized losses on the books of Bitmine, an Ethereum reserve company backed by Tom Lee, have surpassed the unrealized losses on Strategy's Bitcoin holdings.

Data shows that Bitmine currently holds 5,416,901 ETH, valued at approximately $10.03 billion at current market prices, resulting in an unrealized loss of about $8.9 billion from 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 book loss of about $7.6 billion.