On-chain analytics platform Lookonchain has reported that several publicly traded companies are sitting on substantial unrealized losses as the cryptocurrency market declines. Among them, business intelligence firm Strategy (formerly MicroStrategy) has an unrealized loss of $11.07 billion on its Bitcoin holdings, making it one of the hardest hit. As the world's largest corporate Bitcoin holder, Strategy's book loss reflects the severity of the recent market correction.
Other major losers include Bitmine, with a $9.58 billion unrealized loss on its Ethereum position; SharpLink lost $1.59 billion on its ETH holdings; Japanese public company Metaplanet has $1.38 billion in unrealized BTC losses; and Forward Industries' Solana holdings are down $1.13 billion. All these figures are based on market prices at the time of monitoring and represent paper losses rather than actual realized trades.
The data was reported by Odaily Planet Daily on June 5. While the numbers are staggering, they only reflect the current market conditions—if cryptocurrency prices rebound later, the unrealized losses will shrink. Investors will be watching closely to see whether these institutions adjust their holdings under market pressure.