The crypto market suffered a severe pullback this week, wiping nearly $100 billion from global capitalization in 24 hours and sending digital-asset treasury companies (DATs) deep into the red.
Bitcoin traded around $82,864 after a volatile session, falling as much as 10% in 24 hours as broader market fear deepens.'
The market downturn is beginning to show sharply inside the books of major digital asset treasuries (DATs), with only a handful still in positive territory.
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Steeper Losses for ETH Treasuries—Here’s How the Major ETH DATs Are Faring
Losses are even deeper among ETH-heavy corporate treasuries. Bitmine holds 3,559,879 ETH worth $9.75 billion and is now sitting on a $4.52 billion unrealized loss (-31.67%).
SharpLink has seen its $2.33 billion treasury fall 27.4% in three months
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