Crypto Treasuries Fall Deeply Underwater as Bitcoin, Ethereum and Solana Dive

Prominent digital asset treasuries (DATs), including Bitcoin behemoth Strategy (MSTR) and leading Ethereum firm BitMine Immersion Technologies (BMNR), are now well down on their crypto investments, according to data gathered by blockchain analytics firm Artemis.  The losses are growing among firms that are primarily focused on amassing cryptocurrency, with BMNR down around $8.4 billion on its Ethereum purchases as Strategy holds $9.2 billion in paper losses on its consistent Bitcoin buys. The unrealized lo ...