Svmuu News: On-chain analyst Yu Jin released data on the purchases made last week by the largest treasury companies for Bitcoin and Ethereum:
1. Bitcoin treasury company Strategy (MSTR) purchased 4,871 BTC (worth $330 million) last week at an average price of approximately $67,718. They now hold a total of 766,970 BTC (worth $53.287 billion) with an average cost basis of $75,644, resulting in an unrealized loss of $4.729 billion.
2. Ethereum treasury company Bitmine (BMNR) purchased 71,252 ETH (worth $147 million) last week at an average price of approximately $2,063. They now hold a total of 4,803,334 ETH (worth $10.303 billion) with an average cost basis of $3,644, resulting in an unrealized loss of $7.202 billion.
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Strategy is currently sitting on an unrealized loss of approximately $4.729 billion, while Bitmine has an unrealized loss of approximately $7.202 billion.
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