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Strategy and Bitmine Report Significant Floating Losses on BTC and ETH

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According to Odaily, Bitcoin treasury firm Strategy (MSTR) holds 761,068 BTC valued at $55.96 billion, with a cost basis of $75,696 per BTC and a floating loss of $1.65 billion. BTC prices remain under pressure amid a bearish market. Ethereum treasury company Bitmine (BMNR) holds 4,595,562 ETH valued at $104.64 billion, with a cost basis of $3,714 per ETH and a floating loss of $6.6 billion. The Fear & Greed Index continues to reflect extreme fear among investors.

Odaily Planet Daily reports, according to on-chain analyst Yujin, Bitcoin treasury company Strategy (MSTR) purchased 22,337 BTC last week at an average price of approximately $70,194. They now hold a total of 761,068 BTC ($55.962 billion), with an average cost basis of $75,696 and an unrealized loss of $1.648 billion.

Last week, Ethereum treasury company Bitmine (BMNR) purchased 60,999 ETH at approximately $2,112 each ($1.29 billion). They now hold a total of 4,595,562 ETH ($10.464 billion), with an average cost basis of $3,714 and an unrealized loss of $6.604 billion.

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