Bitcoin briefly dipped to $82,000, its lowest level of the year. Ethereum slid under $2,800. Anyone who bought either asset in 2025 is now sitting on losses.
But in the middle of all the selling, a few unexpected winners emerged.
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Bitmine is carrying $3.5 billion in unrealized ETH losses.
Smaller treasury companies are already trading below their net asset value, a point where lenders and shareholders typically get uneasy.
If crypto prices keep falling, analysts warn that some of these firms may eventually have to sell assets, a scenario that could add even more pressure to an already fragile market.
Prashant Jha is a seasoned crypto journalist based in Delhi, India, with a Bachelor’s Degree in Computer Science Engineering. Passionate about the evolving world of blockchain and cryptocurrencies, he has been a dedicated voice in the industry since 2018. Prashant’s expertise lies in regulatory reporting, where he unravels complex legal and financial developments with clarity and precision. Before joining CCN in 2024, he honed his craft at Cointelegraph, establishing himself as a trusted name in crypto journalism.
His coverage spans major industry events, including the high-profile collapses of FTX, Three Arrows Capital (3AC), and LUNA, offering readers insightful analyses of their regulatory and market implications. Prashant’s technical background enables him to bridge the gap between intricate blockchain technology and its real-world applications, making his work accessible to novices and experts.
Beyond his professional pursuits, Prashant is an avid music enthusiast, often exploring diverse genres to unwind. A sports lover, he has a particular passion for cricket and frequently engages in discussions about the game. His multifaceted interests and sharp journalistic instincts make him a valuable contributor to CCN, where he continues shaping the crypto landscape's narrative.
