The sharp sell-off in cryptocurrency markets has also inflicted deep wounds on corporate balance sheets.
Double-digit weekly losses in Bitcoin and Ethereum, the second-largest cryptocurrency, have left large-scale institutional investors facing billions of dollars in losses.
According to the latest data, the price of Bitcoin has fallen to $67,112, losing over 20% in the last 7 days. Ethereum, meanwhile, dropped to $1,948, with a weekly loss exceeding 30%. This sharp market pullback has directly impacted companies, particularly those holding high-cost positions.
Strategy, which has placed Bitcoin at the center of its balance sheet, is facing significant paper losses at current price levels. The company holds 713,502 BTC, with an average purchase cost of $76,052. With a total Bitcoin reserve value of approximately $48.10 billion, the current decline has increased the company’s losses to over $6.16 billion, indicating a deficit of approximately 11.37%.
Similarly, Bitmine, a company owned by Wall Street figure Tom Lee, is also experiencing heavy losses due to its Ethereum position. Bitmine’s total investment has dropped from $16.39 billion to a current portfolio value of $8.40 billion. The company’s total loss has reached $7.98 billion, representing a decline of approximately 48.7%. An unrealized loss of $7.98 billion is also included in the figure.
The overall market picture also indicates that selling pressure is broad-based. Bitcoin has fallen by more than 9% in the last 24 hours, while Ethereum’s daily loss is at a similar level.
In a note sent to clients, Deutsche Bank analysts stated, “We believe the primary reason for this overall decline is the large-scale withdrawals from institutional ETFs. These funds have experienced billions of dollars in outflows every month since the October 2025 downturn.”
*This is not investment advice.