As per HashNews, the recent cryptocurrency price decline has hit companies holding digital assets, with Evernorth facing a $78 million unrealized loss on its XRP holdings. Chain analytics firm CryptoQuant highlighted the risk in the sector, noting that Bitcoin-focused firm Strategy saw its stock drop over 26% in a month, while Ethereum holder BitMine reported a $2.1 billion unrealized loss. Analysts warn that DATs are under growing valuation pressure, with only the strongest firms likely to survive.
Evernorth Faces $78M XRP Unrealized Loss as DATs Pressure Rises: CryptoQuant
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