Strategy has largely given back its unrealized gains, while Trend Research is currently facing a paper loss of $475 million.
according to on-chain analyst Yu Jin's monitoring, the current costs and profit and loss status of several institutions are as follows:
Strategy: The current BTC price has dropped close to Strategy's cost line: it holds 712,600 BTC with an average cost price of $76,037. The unrealized gains have basically been fully reversed, and if it falls another $3,000, it will officially be "underwater."
Tom Lee's Bitmine: Holds 4,243,000 ETH with an average cost price of $3,849. Bitmine has been "underwater" all along, but as ETH has now dropped to $2,400, the unrealized loss has hit a new high, reaching $5.92 billion. The loss has exceeded one-third (-36%).
Yi Lihua's Trend Research: Holds 651,500 ETH with an average cost price of about $3,180, currently with an unrealized loss of $475 million. Because leverage was added through borrowing, these ETH positions have a liquidation price around $1,880, about $570 away from 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.
You may also like
US Senate Finance Committee Chair subpoenas Jensen Huang and Lutnick to testify on Nvidia controversy
The AI feast continues! Anthropic (ANT.US) IPO oversubscribed six times, expected to surpass SpaceX as the "largest IPO in history"
According to sources familiar with the matter, Anthropic PBC's initial public offering (IPO) has attracted orders that are approximately six times the available shares for subscription, as market interest continues to rise in what could become the largest IPO in history.
Crypto prices
More
