Lookonchain estimates Strategy down $12.27B and Bitmine down $10.35B on crypto bets

Lookonchain said on June 6, 2026 that Michael Saylor's Strategy and Tom Lee's Bitmine were carrying large unrealized losses, estimated at $12.27B and $10.35B, respectively. The report followed a sharp market slide that saw bitcoin fall to $59,000 on Friday, while other corporate holders such as SharpLink, Metaplanet, and Forward Industries were also shown with sizable paper drawdowns.