ChainCatcher reports that, according to TheDefiant, as the cryptocurrency market continues to decline (BTC and ETH drop below $73,000 and $2,100 respectively), the combined market cap of the top 20 DAT has shrunk by $17 billion.
Among them, Tom Lee’s Bitmine Immersion accounts for nearly 44% of this figure, with unrealized losses on its ETH holdings reaching as high as $7.5 billion, with an average purchase price of $3,900.
Michael Saylor’s Strategy follows closely behind. Despite Bitcoin’s trading price being only 2.8% below its average acquisition price of $76,000, the company still incurred a loss of $2.2 billion.
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