On August 10, BlockBeats relayed on-chain monitoring data from @EmberCN regarding two corporate crypto treasuries. Bitcoin treasury firm Strategy sold another 1,690 BTC during the past week. The sale price was $11,123 below Strategy’s average acquisition cost, resulting in a realized loss of $18.8 million. After this sale, Strategy continues to hold 840,447 BTC, valued at $54.742 billion. Its average cost basis is $75,385 per bitcoin, leaving an unrealized loss of $8.615 billion, which equals -13.6% of the cost basis. Meanwhile, ethereum treasury firm Bitmine purchased 7,391 ETH last week at approximately $1,888 per coin, spending a total of $13.95 million. Bitmine now holds 5,805,238 ETH, worth $11.152 billion, with an average cost of $3,369 per ETH. This results in an unrealized loss of $8.406 billion, or -43%. Combined, the two companies’ unrealized losses on their treasury holdings amount to roughly $17.02 billion. The figures cover transactions and treasury positions reported for last week, based on @EmberCN’s monitoring data.
BlockBeats reported on August 10 that, according to on-chain monitor @EmberCN, bitcoin treasury company Strategy sold another 1,690 BTC last week. The sale price came in $11,123 below the firm’s average cost, locking in a realized loss of $18.8 million.
Following the sale, Strategy still holds 840,447 BTC, currently worth $54.742 billion. Its average cost basis is $75,385 per bitcoin, leaving an unrealized loss of $8.615 billion, or -13.6%.
Ethereum treasury firm Bitmine, meanwhile, purchased 7,391 ETH last week at an average price of about $1,888 per token, spending roughly $13.95 million. The company now holds 5,805,238 ETH, valued at $11.152 billion, with an average cost of $3,369 per ETH. That translates to an unrealized loss of $8.406 billion, or -43%.
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