With $18.8 billion invested in ETH at an average price of $3,500, BitMine has incurred losses of $9.8 billion (52%). Meanwhile, Strategy is experiencing a downturn of $10.4 billion (16%). They invested $63.9 billion, but their assets are now valued at $53.5 billion. Both companies are the largest public treasuries of BTC and ETH, each holding 4% of these coins' supply. Analysts at JPMorgan note that the decline in BTC value is driven by investor concerns over Strategy's sales. They emphasize the need to increase dollar reserves, which currently cover only 6.3 months of obligation payments. At the same time, bank analysts predict that by 2026, Strategy will have purchased a total of $32 billion in BTC.