Overview
- A renewed market pullback pushed Bitcoin below $60,000 and Ethereum toward $1,550, amplifying mark-to-market losses across public treasury firms.
- Artemis and SaylorTracker data show Strategy and Bitmine carry roughly $12.8 billion and $10.5 billion in unrealized losses respectively, making them among the largest affected firms.
- Artemis reports Hyperliquid Strategies holds about 23.7 million HYPE and remains the only major treasury group with roughly $1.1–$1.2 billion in paper gains.
- Strategy disclosed it sold 32 BTC for $2.5 billion during the recent moves and shares of treasury proxies such as MSTR and BMNR fell by double digits on the latest trading session.
- These are unrealized, paper gains and losses that will change with market prices, so investors should watch future token prices, SEC filings, and further corporate asset sales for how balance sheets and stock prices may shift.