Bitmine and Strategy Face Unrealized Losses of $8.9 Billion and $7.6 Billion Respectively, According to Lookonchain

Unrealized Losses Expand for Both Companies Amid Market Crash

On December 3rd, on-chain analytics firm Lookonchain disclosed the unrealized loss positions of Tom Lee's Bitmine and Michael Saylor's Strategy. Bitmine's holdings of 5,416,901 ETH have fallen below their acquisition cost, resulting in an unrealized loss of approximately $8.9 billion. Similarly, Strategy's 843,706 BTC holdings are also facing an unrealized loss of about $7.6 billion.