THE BLOCK: Strategy (MSTR) is sitting on an estimated $14 billion bitcoin loss as the crypto rout deepens; ether treasury BitMine (BMNR) down about $10 billion on ETH

THE BLOCK reports that Strategy (MSTR) is an estimated $14 billion underwater on its bitcoin holdings as the cryptocurrency selloff intensifies. BitMine (BMNR), described as the largest ether treasury, is also in the red, with unrealized losses on its ETH position estimated at roughly $10 billion.