After Bitcoin (BTC) and Ethereum (ETH), these altcoin bulls have suffered huge losses. The declines in BTC and altcoins have negatively impacted both individual and institutional investors. As losses continue to mount, BTC and ETH bulls have seen Solana, along with Strategy and Bitmine, also face significant losses. According to recent data, publicly traded companies holding Solana (SOL) in their portfolios have faced unrealized losses exceeding $1.5 billion.
According to CoinGecko data, Solana’s four largest institutional holders—Forward Industries, Sharps Technology, DeFi Development, and Upexi—reported $1.4 billion in unrealized losses. Forward Industries, the largest holder of Solana, has accumulated over 6.9 million SOL at an average cost of $230. Given that SOL trades at around $84, the company has unrealized losses exceeding $1 billion. Experts say that companies have also halted purchases in the face of these huge losses.
As is known, Strategy, the largest Bitcoin treasury company, has losses of around $5 billion, while Bitmine, the largest Ethereum treasury company, has losses reaching $8 billion. However, these losses and the ongoing decline are deterring Strategy and Bitmine from making purchases. Given that SOL trades at around $84, the company has unrealized losses exceeding $1 billion. Experts say that companies have also halted purchases in the face of these huge losses. As is known, Strategy, the largest Bitcoin treasury company, has losses of around $5 billion, while Bitmine, the largest Ethereum treasury company, has losses reaching $8 billion. However, these losses and the ongoing decline are deterring Strategy and Bitmine from making purchases.
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