Bitcoin dropping to the $80,000 mark today has erased a large share of unrealized gains for major corporate holders.
New data shows that several leading Bitcoin, Ethereum, and Solana treasury firms are now facing steep paper losses amid the broader crypto market’s retreat.
Strategy Sees Sharp Decline in Portfolio Value
Data from SaylorTracker shows that Strategy’s Bitcoin holdings have fallen to $54.53 billion. Specifically, the company’s 649,870 BTC now accounts for just $6.15 billion in unrealized gains, slipping below the $10 billion threshold for the first time in months.
Additionally, the firm’s overall yield has slipped to 27.91%, and its mNAV stands at 1.04. Strategy’s average Bitcoin purchase price is $74,433, while the current market level sits roughly $10,000 higher.
Ethereum and Solana Treasury Holders Hit Hard
However, the downturn has not been limited to Bitcoin. Treasury firms with large Ethereum and Solana positions have also incurred heavy losses as both assets have fallen sharply.
According to Lookonchain, Bitmine holds 3,559,879 ETH, valued at $9.75 billion at current prices. The position now shows an unrealized loss of $4.52 billion, representing a 31.67% decline from its purchase basis of about $4,010 per ETH.
Similarly, Forward Industries faces even deeper pressure. The company owns 6,834,506 SOL, which is valued at $874.8 million at current market levels. Its holdings now reflect an unrealized loss of $711 million, or 44.85%, based on an average buy price of $232.08.
At the time of reporting, ETH trades at $2,748, down 8.4% over the past day. Meanwhile, Solana has dropped to $127.15, marking a 10.1% decline over the same period.
Analyst Predicts Possible Bottom for Bitcoin
Despite the steep pullback, some analysts see signs that Bitcoin may be nearing an important support area.
For instance, a new assessment from André Dragosch, head of research for Europe at Bitwise, suggests the market could soon approach a potential cycle floor. He expects Bitcoin to find stability between $73,000 and $84,000, a range he describes as a “reset zone.”
Furthermore, Dragosch notes that this zone aligns with the cost bases of key institutional players, including MicroStrategy and BlackRock’s IBIT ETF. He believes these levels often influence sentiment because investors monitor whether losses justify further reductions in portfolio exposure.
As Bitcoin approaches these institutional averages, market participants tend to reassess risk more carefully, which can slow further declines.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
