Asimali khan

As Bitcoin dropped below ~$70,000, two major corporate crypto treasury holders — Michael Saylor’s Strategy and Tom Lee’s BitMine Immersion Technologies — are now facing massive paper losses on their holdings.
🔻 Strategy (BTC holdings):
• Strategy, formerly MicroStrategy, holds about 713,502 BTC on its balance sheet at an average cost near ~$76,000 per coin.
• With Bitcoin sliding under ~$71,000, the company’s Bitcoin stack has moved into unrealized losses, estimated in several reports to be in the multi-billion dollar range (several hundred million to several billion, depending on exact price).
• Strategy’s stock (MSTR) has also underperformed, reflecting the value hit to its Bitcoin treasury.
🔻 BitMine Immersion (ETH holdings):
• BitMine — chaired by Tom Lee — holds a large Ethereum treasury, with roughly 4.28–4.3 million ETH.
• Because Ethereum’s price has fallen sharply from higher levels, BitMine’s unrealized loss on ETH exceeds several billion dollars — with estimates north of $6 billion in paper losses on the position.
• The firm continues to accumulate ETH despite the drawdown, signaling a long-term accumulation thesis from its leadership.
💡 Market Context:
• These unrealized losses happen because both firms acquired their crypto treasuries at higher prices — BTC and ETH have both retraced significantly since late 2025.
• Paper losses don’t mean actual cash outflow — they’re unrealized and only impact balance-sheet valuation unless assets are sold.
• Both groups remain committed to their long-term strategy, still holding and even adding to their positions amid volatility.
📊 In simple terms:
Bitcoin and Ethereum’s recent downturn has pushed widely held corporate crypto treasuries into huge paper losses — a reminder that big balance sheets tied to digital assets can be volatile, even if long-term conviction remains.
• “Saylor’s BTC and BitMine’s ETH stacks underwater — but HODL continues.” $BTC
BTCUSDT
Perp
69,269
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$ETH
ETHUSDT
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2,052.89
-7.97%
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