Data: Bitmine Faces $10.35B Unrealized Loss, Strategy Records $12.27B Loss

News Editor

2026-06-06 01:00:50

According to Lookonchain monitoring, Bitmine, founded by Tom Lee, holds ETH with an unrealized loss of $10.35 billion, while Strategy, led by Michael Saylor, shows a $12.27 billion loss on its BTC position.

BitmineStrategyunrealized lossEthereumBitcoinon-chain dataLookonchain

On June 6, on-chain analytics platform Lookonchain reported that Bitmine, a crypto hedge fund founded by Tom Lee, currently holds 5,416,901 ETH with an average purchase cost of around $3,500. At the prevailing market price of ETH, the position carries an unrealized loss of $10.35 billion.

At the same time, Strategy (formerly known as MicroStrategy), led by Michael Saylor, holds 843,706 BTC at an average cost of about $75,699. Based on the current BTC market price, the company’s paper loss on this holding amounts to $12.27 billion. Both data points highlight substantial on-paper losses for institutional investors amid the current crypto market downturn.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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