The combined market capitalization of the top 20 DAT companies has shrunk by $17 billion, with Bitmine accounting for over 40% of the share.

BTC3,72%
ETH6,08%

ChainCatcher reports that, according to TheDefiant, as the cryptocurrency market continues to decline (BTC and ETH drop below $73,000 and $2,100 respectively), the combined market cap of the top 20 DAT has shrunk by $17 billion.

Among them, Tom Lee’s Bitmine Immersion accounts for nearly 44% of this figure, with unrealized losses on its ETH holdings reaching as high as $7.5 billion, with an average purchase price of $3,900.

Michael Saylor’s Strategy follows closely behind. Despite Bitcoin’s trading price being only 2.8% below its average acquisition price of $76,000, the company still incurred a loss of $2.2 billion.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin may hit $110K as Strategy absorbs nearly 3x new BTC supply

Bitcoin (BTC) is trading within a bear flag pattern that projects a breakdown toward the sub-$50,000 area, or roughly 30% below current levels. However, Michael Saylor’s Strategy could spoil the bears’ plans. _BTC/USD three-day price chart. Source: __TradingView_ Key takeaways: Bitcoin has

Cointelegraph13m ago

BTC futures open interest fell from $42 billion to $21 billion, as the market underwent deep deleveraging

Bitcoin futures open interest has fallen from its October 2025 peak to $21.0 billion, as the market undergoes a deep deleveraging. With leverage currently low, funding-rate volatility is high, long and short positioning switches frequently, and in the short term Bitcoin lacks a clear trend.

GateNews29m ago

Yesterday, Bitcoin spot ETF net outflows totaled $159.4 million, with Fidelity accounting for the largest outflow.

On April 7, Bitcoin spot ETF net outflows totaled $159.4 million. The main outflow managers included Fidelity, Grayscale, Ark, VanEck, and BlackRock. The only net inflow provider was Valkyrie, with inflows of $2.32 million.

GateNews44m ago

Iran Accepts Two-Week Ceasefire as Oil Drops, Bitcoin Surges Above $71,000

Iran’s Supreme National Security Council announced on April 8, 2026 that it has accepted a two-week ceasefire proposal brokered by Pakistan, while warning that “our hands remain upon the trigger” and attaching a 10-point peace plan demanding US military withdrawal from the region, full sanctions relief, and Iranian control over the Strait of Hormuz.

CryptopulseElite49m ago

DoorDash accounts became a vulnerability in an encryption wrench attack; three suspects have been charged

Three men were indicted for participating in a crypto wrench attack. The method used in the crime involved using stolen delivery-app account credentials to get close to the victims, and then threatening them with violence to force them to transfer their crypto assets. This type of attack is not limited to San Francisco and has become a global problem, threatening the safety of cryptocurrency holders. Prevention recommendations include not disclosing holdings information, using different receiving addresses, and enabling two-factor authentication.

MarketWhisper1h ago

XRP Leads $224 Million Weekly Inflows as Ethereum Lags and Bitcoin Sentiment Remains Mixed

Global digital asset investment products recorded $224 million in net inflows for the week ending April 3, 2026, following a $414 million outflow the prior week, with XRP dominating at $119.6 million while Ethereum saw $52.8 million in outflows and Bitcoin posted $107.3 million in net inflows amid polarized investor sentiment.

CryptopulseElite1h ago
Comment
0/400
No comments