Crypto Treasuries Face Unrealized Losses Amid Geopolitical Uncertainty

As global markets remain on edge due to rising geopolitical tensions and macro pressures, leading crypto treasuries are taking a hit.

BitMine Immersion Technologies, the Ethereum treasury firm led by Tom Lee, continued its buying spree last week, adding 71,179 ETH worth over $146 million. This brings BitMine's total haul to 4,732,082 ETH, valued at approximately $9.7 billion.

Meanwhile, Bitcoin behemoth Strategy paused its purchases in the final week of the quarter, maintaining major unrealized losses stretching into the billions. The pause is consistent with Strategy's historical trend of pausing purchases during fiscal quarters.