More Than $24B Lost as Bitcoin, Ethereum Hit Corporate Treasuries

A broad downturn in the crypto market has triggered sizable unrealized losses for several publicly traded firms with heavy exposure to digital assets.

Leading the declines, Strategy reported a drop of about $11.07 billion tied to its Bitcoin holdings. Close behind, Bitmine posted a loss of roughly $9.58 billion linked to Ethereum exposure.

Further down the list, additional companies also saw notable reductions. SharpLink declined by around $1.59 billion on its ETH positions, while Metaplanet recorded a fall of approximately $1.38 billion tied to Bitcoin. Rounding out the group, Forward Industries registered a decrease of about $1.13 billion from its Solana holdings.

Source: Lookonchain