BitMine is currently holding about $8.4B in unrealized losses on $ETH, while Strategy has around $7.5B in unrealized losses on $BTC. That’s a combined drawdown of nearly $15.9B across the two firms.

When a company concentrates its treasury in a single digital asset, gains can be significant during bull markets. But during market pullbacks, the same strategy can lead to large unrealized losses.

This highlights an important lesson in crypto treasury management: high conviction should still be balanced with risk management and diversification.

#ETH #BTC #CryptoTreasury #RiskManagement