Every Zipp story tagged #UnrealizedLosses, newest first.
With less than 25% of the median coin's supply in profit, the market still sits far from the broad profitability typically associated with cycle tops.
Four of the five listed corporate holders have average ETH acquisition prices above the current price near $2,500, making the recovery uneven across the group.
The breadth of the unrealized hit puts public-company Bitcoin exposure under mark-to-market pressure across the cohort.
Artemis data shows only one major digital asset treasury — Hyperliquid Strategies — is still in the green, with roughly $1.2B in unrealized gains.
American banks are collectively carrying roughly $306 billion in unrealized losses on their balance sheets, a figure…
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