Bitmine incurs an unrealized loss of $8.9 billion, surpassing "fellow" Strategy.
BlockBeats News, June 3, according to @Lookonchain statistics, as the crypto market continues to pull back, Bitmine's ETH reserve on-paper loss has exceeded Strategy's unrealized BTC reserve loss.
Ethereum reserve company Bitmine Immersion Technologies, supported by Tom Lee, currently holds 5,416,901 ETH. Calculated at the current market price, the position is worth approximately $10.03 billion, with an unrealized loss of about $8.9 billion compared to the purchase cost.
Meanwhile, under the leadership of Michael Saylor, Strategy holds 843,706 BTC, with a current market value of about $56.26 billion and an on-paper loss of about $7.6 billion.
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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