Crypto Treasuries Fall Deeply Underwater as Bitcoin, Ethereum and Solana Dive

In brief

  • Major digital asset treasuries are massively down on their investments, according to data from Artemis.
  • Leading firms Strategy and BitMine hold the biggest paper losses of $9.2 billion and $8.4 billion, respectively.
  • Even firms stacking Solana (SOL), Hyperliquid (HYPE), and BNB are posting sizable unrealized losses.

Prominent digital asset treasuries (DATs), including Bitcoin behemoth Strategy (MSTR) and leading Ethereum firm BitMine Immersion Technologies (BMNR), are now well down on their crypto investments, according to data gathered by blockchain analytics firm Artemis. 

The losses are growing among firms that are primarily focused on amassing cryptocurrency, with BMNR down around $8.4 billion on its Ethereum purchases as…

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