Bullish
Strategy Floating Loss Hits $8.6B While BitMine Faces $8.4B Drawdown
2026-08-10 21:03
Strategy holds 840k BTC with $8.6B unrealized loss after recent sales. BitMine accumulates 5.8M ETH, facing $8.4B floating deficit amid price weakness.
Woofun AI data shows that Strategy reduced its position by selling 1,690 BTC last week at an average price of $64,262, leaving total holdings at 840,447 BTC. With an average acquisition cost of $75,385 per coin, the entity currently carries a floating loss of approximately $8.615 billion, representing a -13.6% decline.
BitMine increased its exposure by purchasing 7,391 ETH last week at an average price of $1,888, bringing total ETH holdings to 5,805,238. Given an average cost basis of $3,369 per token, BitMine faces a floating loss of roughly $8.406 billion, or -43%.
WOOFUN AI
Impact Assessment · Quick Read
The significant unrealized losses for both entities highlight the severity of the current market correction relative to their accumulation averages. Strategy's partial liquidation suggests a tactical adjustment to manage capital efficiency, whereas BitMine's continued accumulation indicates a long-term conviction despite deeper drawdowns. These positions serve as key indicators of institutional sentiment and potential support levels for BTC and ETH.
Generated by WOOFUN AI · For reference only, not investment advice
Comments
No comments yet.