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HypeStrat Leads Cryptofund Companies with Over $1 Billion in Unrealized Gains, While BitMine Ranks at the Bottom with Over $8 Billion in Unrealized Losses

BlockBeats News, May 30th, as HYPE surged above $65, reaching a new all-time high. The unrealized gains of HYPE in the treasury of Hyperliquid's financial firm, HypeStrat, have surpassed $1 billion, the highest among all Decentralized Autonomous Treasuries (DATs).


Meanwhile, the unrealized losses of the Ethereum treasury firm BitMine (BMNR) have exceeded $8 billion, the highest among all crypto treasury firms.

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Compared to a strategy relying on debt and preferred stock financing, Bitmine's current financial structure has more cushioning capability thanks to equity issuance, cash reserves, and ETH staking rewards.
The ebb of the top three buyers, BitMine bears the brunt of ETH selling pressure alone. With a floating loss of 3 billion, it is the ultimate gamble about "buying the dip" and "catching the falling knife."
Since the end of June, BMNR's stock price has risen by over 1300%; meanwhile, ETH is approaching a new all-time high.
2025's Peter Thiel is no longer satisfied with being a passive hodler.
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