$BTC As Bitcoin dropped under the $70,000 zone, big corporate holders are feeling the heat — at least on paper. Two major names, Michael Saylor’s Strategy and Tom Lee’s BitMine Immersion Technologies, are now sitting on large unrealized losses after the recent pullback.
🔻 Strategy (Bitcoin Treasury)
Strategy holds around 713,000+ BTC at an average price near $76,000. With BTC trading below that level, its massive stack has moved into unrealized loss territory, estimated from hundreds of millions to billions of dollars on paper. Not surprisingly, MSTR stock has also weakened along with Bitcoin.
🔻 BitMine Immersion (Ethereum Treasury)
BitMine, chaired by Tom Lee, reportedly holds about 4.28M ETH. As Ethereum retraced from higher levels, the firm’s position now shows multi-billion-dollar paper losses, with some estimates above $6B. Despite this, the company continues accumulating ETH, signaling a long-term conviction strategy.
💡 What It Means
These are paper losses, not real cash outflows unless assets are sold. Still, the situation highlights how volatile crypto-heavy balance sheets can be.
📊 In Simple Terms
BTC and ETH’s dip pushed major corporate treasuries underwater for now — testing long-term HODL strategies once again.
👉 Saylor’s BTC and BitMine’s ETH are underwater — but conviction remains.
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