Overview
- CryptoQuant estimates Evernorth’s newly built XRP position is down about $78 million less than three weeks after the company began amassing a large reserve via a SPAC-backed strategy.
- Bitcoin fell to roughly $98,000 earlier this week and hovered near $100,000, a pullback that flipped many prior gains at treasury-focused firms into unrealized losses.
- Strategy’s shares dropped about 26% over the past month and are 53% below their peak, though the firm still holds paper gains with an average Bitcoin purchase price near $74,000.
- BitMine is carrying approximately $2.1 billion in unrealized losses on its Ethereum holdings after buying more than 565,000 ETH in the past month.
- Metaplanet has around $120 million in unrealized losses, and its share price has fallen about 80% from its all-time high.