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Strategy and BitMine See Paper Losses Shrink Sharply as Crypto Prices Rebound
  • BTC0%
  • ETH0%

CoinEx News: An August 21 data snapshot showed sharp reductions in paper losses at two leading corporate crypto treasuries. Strategy’s loss on 840,447 BTC fell from $9.904 billion to $685 million, a $9.219 billion improvement, as Bitcoin moved to within roughly $800 of the company’s $75,385 average acquisition cost. BitMine’s loss on 5,815,164 ETH declined from $8.513 billion to $5.879 billion, improving by $2.634 billion; its estimated average ETH cost was about $3,366. These figures describe unrealized gains and losses, meaning changes in asset value before any sale. At the disclosed holdings, every $1,000 move in BTC changes Strategy’s treasury value by about $840 million, while every $100 move in ETH changes BitMine’s by about $582 million.

Source: CoinEx

Disclaimer: The current content is provided for reference only and does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

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