Global Stock News

Strategy, BitMine Take Direct Hit as Corporate Crypto Losses Snowball

Strategy, BitMine Take Direct Hit as Corporate Crypto Losses Snowball

  • CryptoPotato said Bitcoin recently fell to $59,000, increasing pressure on companies’ crypto-holding strategies.
  • Lookonchain said Strategy is posting more than $12 billion in unrealized losses on Bitcoin bought at an average price of $75,600, marking the largest mark-to-market loss in the company’s history.
  • Lookonchain said BitMine, SharpLink, Metaplanet and Forward Industries have each posted multibillion-dollar mark-to-market losses on investments in Ethereum, Bitcoin and Solana, with losses continuing to widen.

Forecast Trend Report by Period

Loading IndicatorLoading Indicator

Photo: Shutterstock
Photo: Shutterstock

A recent plunge in the cryptocurrency market is rapidly swelling mark-to-market losses at listed companies with large digital-asset…

Source link

Share this article

Scroll to Top