Crypto Treasuries Struggle Across the Market

[cryptoenthusiast]

Evernorth’s XRP losses are part of a wider trend hitting institutional crypto treasuries. Ethereum-focused firm BitMine is reportedly sitting on $3.5 billion in unrealized ETH losses, while Bitcoin treasury companies like Metaplanet are down nearly 19%.

Despite continued accumulation, falling prices highlight a growing disconnect between long-term conviction and short-term market realities, as institutions absorb mounting drawdowns during a challenging phase for crypto markets.

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XRP down 25% since Evernorth started stacking just shows how brutal crypto can get