Strategy and Bitmine lead the pack with massive unrealized losses.

The past week or so has been nothing short of a bloodbath in the cryptocurrency markets, with bitcoin plummeting to $59,000 on Friday for the first time in 19 months.

Aside from losing more than $20,000 in approximately three weeks, BTC’s calamity dragged almost all altcoins. This has intensified the pressure on the largest corporate holders of those assets, and the analysts at Lookonchain provided specific numbers about the extent of those companies’ paper losses.

UPDATE:

Tom Lee (@fundstrat)’s #Bitmine is down $10.35B.

Michael Saylor (@saylor)’s #Strategy is down $12.27B.https://t.co/YUVOVx6KSS