Hyperliquid Strategies Stays Profitable: Strategy And Bitmine Record Losses Above $10 Billion
Crypto markets extended their decline, with Bitcoin slipping below $60,000, Ethereum around $1,550, and Hyperliquid near $57. The sell-off hit major digital asset treasury companies hardest. Strategy (MSTR) and Bitmine (BMNR) now show large unrealized losses of about $12.8 billion and $10.3 billion, respectively, and their stocks fell sharply, with MSTR down 14% and BMNR down 12% in one day. Other large holders also moved deeper into losses, including SharpLink and Metaplanet. In contrast, Hyperliquid Strategies remains the only major treasury company still in positive unrealized territory, with about $1.2 billion in gains. Its native token HYPE also fell, but the related PURR stock was comparatively stable, down only about 1.2%. Overall, BTC and ETH weakness is filtering directly into treasury balance sheets, while Hyperliquid has held up much better.
