CryptoQuant data reveals steep paper losses among leading corporate crypto treasuries, reflecting sharp declines in Bitcoin, Ethereum, and XRP valuations over recent weeks.
CryptoQuant reported substantial unrealized losses among major cryptocurrency treasury-holding firms. Evernorth's XRP holdings fell by $78 million within 2.5 weeks, Strategy's stock dropped 53% to $221, Metaplanet recorded $120 million in unrealized Bitcoin losses, and Bitmine's Ethereum holdings face $2.1 billion in paper losses. These figures underscore the significant market value declines across both Bitcoin and altcoins in recent weeks.