HuoXing Finance reports that, on August 3, according to EmberCN monitoring, cryptocurrency treasury companies showed divergent actions last week: Bitcoin treasury company MicroStrategy sold BTC for the first time in a month, while Ethereum treasury company Bitmine continued to accumulate ETH. Data shows that MicroStrategy sold 1,638 BTC last week at an average price of approximately $63,957 per BTC, totaling about $105 million. This sale price was $11,462 lower than its average holding cost, resulting in an actual loss of approximately $18.77 million. MicroStrategy currently holds 842,138 BTC, with an average holding cost of $75,419 per BTC, representing an unrealized paper loss of approximately $10.829 billion, or about 17%. Meanwhile, Bitmine purchased 10,399 ETH last week at an average price of approximately $1,909 per ETH, investing about $19.85 million. The company currently holds 5,797,813 ETH, with a total value of approximately $10.674 billion and an average holding cost of $3,371 per ETH, resulting in an unrealized paper loss of approximately $8.871 billion, or about 45.4%. According to statistics, Bitmine has maintained a weekly pattern of purchasing ETH since initiating its Ethereum treasury strategy.
Strategy sells BTC for $10.5M, incurs $18.77M loss; Bitmine continues ETH accumulation
MarsBitShare
Summary
The strategy executed a stop-loss on 1,638 BTC at $63,957 each, totaling $10.5 million, resulting in an $18.77 million loss against its average cost of $75,419. The firm holds 842,138 BTC with $10.83 billion in unrealized losses, a 17% decline. Bitmine continued its technical analysis-driven accumulation of ETH, purchasing 10,399 ETH at $1,909 each, totaling $19.85 million. It now holds 5,797,813 ETH with $8.87 billion in unrealized losses, a 45.4% decline.
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