CoinWorld News: The Ethereum price correction has caused many companies' treasuries to incur unrealized losses, with BitMine Immersion Technologies reporting an unrealized loss of $6.95 billion and SharpLink Gaming a loss of $1.09 billion. The decline in market net asset value has made corporate financing difficult, and Pantera Capital predicts the industry will face a cleanup. Some companies, like Trend Research, have sold ETH at a loss, while "smart money" traders are increasing their holdings of spot ETH.
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CoinWorld News: The Ethereum price correction has caused many companies' treasuries to incur unrealized losses, with BitMine Immersion Technologies reporting an unrealized loss of $6.95 billion and SharpLink Gaming a loss of $1.09 billion. The decline in market net asset value has made corporate financing difficult, and Pantera Capital predicts the industry will face a cleanup. Some companies, like Trend Research, have sold ETH at a loss, while "smart money" traders are increasing their holdings of spot ETH.