🚨 MAJOR CORPORATE TREASURIES FACE BILLIONS IN UNREALIZED LOSSES AS BTC, ETH DROP
As Bitcoin slides below $70,000 and Ethereum continues its descent, two of the largest public corporate crypto holders—MicroStrategy and BitMine Immersion Technologies—are now facing substantial paper losses on their massive digital asset positions.
📉 MicroStrategy (BTC):
Holdings: ~713,502 BTC
Average Cost: ~$76,000 per Bitcoin
Current Status: With BTC under $71,000, the company's Bitcoin treasury is now in unrealized loss, estimated in the multi-billion dollar range.
Stock Impact: MSTR shares have underperformed, reflecting market concerns over the treasury's mark-to-market valuation.
📉 BitMine Immersion Technologies (ETH):
Holdings: ~4.28–4.3 million ETH
Chairman: Tom Lee
Current Status: Ethereum's sharp decline has pushed BitMine’s unrealized losses to an estimated over $6 billion.
Strategy: The firm has continued to accumulate additional ETH during the downturn, signaling unwavering long-term conviction.
📊 Market Context:
Unrealized vs. Realized: These are paper losses—no assets have been sold, and no cash has been lost unless positions are liquidated.
Long-Term Stance: Both entities maintain their accumulation strategies, viewing volatility as part of the long-term adoption cycle.
Broader Signal: Large institutional holders entering unrealized loss territory can influence market sentiment and corporate risk perceptions, even if holdings remain intact.
💡 The Bottom Line:
Even the most vocal institutional holders are not immune to market cycles. Their continued holding—and in BitMine’s case, buying—underscores a conviction-over-price approach, but also highlights the balance sheet volatility inherent in corporate crypto adoption.
