According to DEGEN News, HypeStrat’s treasury holding of HYPE generated an unrealized profit of more than $1 billion as HYPE climbed above $65 and set a new all-time high. In the same comparison, BitMine’s Ethereum treasury showed more than $8 billion in unrealized losses on May 30, remaining the largest loss among crypto treasury companies. Unrealized gains and losses reflect changes in market value that have not been locked in through a sale, highlighting how treasury-heavy crypto firms can see large swings as token prices move.