Overview
- Evernorth’s newly built XRP position is roughly $78 million underwater just weeks after accumulation, highlighting the timing risk of concentrated altcoin treasuries.
- BitMine, the largest corporate holder of Ether, carries about $2.1 billion in unrealized losses on roughly 3.4 million ETH after adding more than 565,000 tokens in the past month.
- Strategy’s stock has fallen about 53% from its peak and recent purchases have slowed from thousands of bitcoins to only a few hundred, though the firm still holds gains with an average BTC cost near $74,000.
- Metaplanet holds 30,823 BTC at an average cost around $106,000, faces more than $120 million in paper losses, and has launched a share buyback after its stock dropped over 80% from its high.
- Analysts cite compressed market net asset value ratios and estimate roughly $17 billion in retail losses tied to digital‑asset‑treasury stocks, warning of a potential shakeout favoring firms with resilient revenue models.