## Bitmain and Shapelink's Significant ETH Holdings Lead to Massive Losses Recent data reveals that Nasdaq-listed giants Bitmain and Shapelink are weathering substantial unrealized losses on their Ethereum (ETH) investments. Strategic ETH Reserve figures highlight a combined $2.57 billion loss, reflecting the impact of the ongoing crypto winter. Bitmain, a major player in cryptocurrency mining hardware, holds a significant 3.4 million ETH, currently valued at $11.32 billion. However, their average purchase price of $4037 per ETH translates to a staggering $2.4 billion in unrealized losses. Shapelink, another company with substantial ETH holdings, possesses 860,000 ETH, worth approximately $2.86 billion. Their average purchase price of $3609 results in unrealized losses of $170 million. These figures illustrate the challenges faced by even the largest companies navigating the volatile cryptocurrency market. The unrealized losses may not directly impact their financial standing unless they decide to sell their ETH holdings at the current lower prices. ```