Here’s how deep corporate cryptocurrency bets are after the recent collapse

Strategy and Bitmine lead the pack with huge unrealized losses.

The past week or so has been nothing short of a bloodbath in cryptocurrency markets, with Bitcoin falling to $59,000 on Friday for the first time in 19 months.

Apart from Loss of more than $20,000 In nearly three weeks, the BTC debacle has dragged down almost all altcoins. This has intensified pressure on the largest companies that own these assets, and analysts at Lookonchain provided specific figures on the size of the paper losses of these companies.

to update:

tom lee (@fundstrat) #Betmain Decreased by $10.35 billion.

Michael Saylor (@saylor) #strategy Decreased by $12.27 billion.https://t.co/YUVOVx6KSS pic.twitter.com/h0bZBiGncp

– Loconchain (@loconchain) June 6, 2026

Strategy and Bitmine lead the bad way

Before we get into the details of the corporate cryptocurrency holders mentioned above, we need to add a brief disclaimer. The above data is subject to change since the cryptocurrency market operates 24/7 and prices constantly fluctuate. However, it provides a painfully clear picture of many of these companies, starting with Michael Saylor’s strategy.

The largest holder of Bitcoin (or any other cryptocurrency) has continued to accumulate significant chunks of Bitcoin over the past year and a half, and its digital wealth has grown to 843,706 units even after that. sale A modest sum last week Given the cumulative average price of $75,600 per bitcoin, the company has spent approximately $63.8 billion to obtain its stash. However, its current value of $51.6 billion leaves the strategy with Highest unrealized loss In its history, more than $12 billion.

Although Bitmine’s cryptocurrency holdings lag far behind the strategy, its unrealized losses are relatively close. The company headed by Tom Lee now has a paper loss of more than $10 billion Betting on Ethereumalthough it has been repeatedly anticipation In the past few months, ETH has hit bottom, and crypto spring is just around the corner.

The rest

Similar to Bitmine, SharpLink also declined due to its exposure to Ethereum, with Lookonchain data showing a decline in value of around $1.7 billion at current prices.

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Japan-based Metaplanet, often referred to as the “Asia Strategy,” has seen unrealized losses of more than $1.4 billion on its Bitcoin holdings. It is worth noting that the company Strongly accumulated Bitcoin to hedge against currency depreciation and overall uncertainty over 2024/2025 but has mostly halted its purchases in the past few months.

Forward Industries followed with a paper loss of $1.14 billion due to its exposure to Solana. SOL typically carries higher volatility, magnifying both potential upside risk and downside risk.