The past week has been such a gnarly dive in crypto markets with bitcoin crashing straight to 59000 on friday for the first time in 19 months 🖤
aside from shedding more than 20000 in roughly three weeks btcs tumble yanked down almost every altcoin too this cranked the heat on big corporate holders and lookonchain dropped the exact numbers on how brutal those paper cuts got 🌑
UPDATE:
Tom Lee (@fundstrat)’s #Bitmine is down 10.35B.
Michael Saylor (@saylor)’s #Strategy is down 12.27B.https://t.co/YUVOVx6KSS pic.twitter.com/h0bZBiGncp
— Lookonchain (@lookonchain) June 6, 2026
Strategy and Bitmine Lead the Bad Way
before we dig into those heavy corporate crypto bags a quick note the numbers above can shift since markets never sleep and prices twitch nonstop still they paint a sharp stingy picture starting with michaels strategy pile 🕸️
the top bitcoin holder kept stacking hard for the last year and a half pushing its stash to 843706 coins even after a tiny sale last week at an avg buy price of 75600 per coin the firm dropped around 63.8 billion total yet at today’s 51.6 billion valuation strategy sits on its biggest unrealized hit ever topping 12 billion 💀
bitmine trails far behind on holdings but its loss lands close with well over 10 billion evaporating on the eth bet even after tom lee kept calling bottoms and spring vibes 🌧️
The Rest
sharplink mirrors that eth pain with lookonchain showing roughly 1.7 billion wiped at current levels 👁️
metaplanet the so called asias strategy racked up over 1.4 billion in unrealized btc losses after loading up aggressively to dodge yen weakness back in 2024/2025 but mostly paused since then 🦇
forward industries trails with a 1.14 billion mark on its solana stack where higher swings crank both the thrill and the risk 🎀
Just another echo from the void by iconofsin.eth 💖
