MicroStrategy's BTC Unrealized Gains Nearly Wiped Out, Bitmine's ETH Unrealized Losses Hit a Record $5.92 Billion
PANews, February 1st – According to on-chain analyst Ember, the current costs and profit/loss status of several institutions are as follows:
MicroStrategy: The current BTC price has dropped close to MicroStrategy's cost line. It holds 712,600 BTC at an average cost of $76,037. Almost all unrealized gains have been wiped out; another $3,000 drop would officially put them “underwater.”
Tom Lee's Bitmine: Holds 4,243,000 ETH at an average cost of $3,849. Bitmine has been “underwater” for a while, and with ETH now at $2.4K, unrealized losses have reached a new high of $5.92 billions. The loss now exceeds one-third (-36%).
Yilihua's Trend Research: Holds 651,500 ETH at an average cost of about $3,180, with current unrealized losses of $475 millions. Because they have leveraged their positions, these ETH holdings have a liquidation price around $1,880, about $570 below the current price.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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