fintech / news / / CoinGape
Crypto treasury firms holding BTC, ETH, and XRP are seeing unrealized losses in their portfolio.
Evernorth incurred $78 million in unrealized losses after investing $947 million in XRP just weeks prior.
KEY POINTS
- BitMine added 442,000 ETH to reserves post-crash but still faces $2.1 billion in paper losses.
- Japan’s Metaplanet holds $120 million in unrealized losses, with its stock down 80% from its peak.
- Experts reveal that many digital asset treasury projects were structured for insider exits, raising market selling pressure.
COMPANIES
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