According to CoinWorld, digital asset treasury firms are facing pressure as the crypto market declines, with major Bitcoin, Ethereum, and Solana holders suffering huge unrealized losses. Artemis data shows that treasury firms focused on Hyperliquid are the only major group still holding significant paper gains, with Hyperliquid strategies holding approximately 23.7 million HYPE, representing over $1.1 billion in unrealized gains. In contrast, firms holding reserves around Bitcoin, Ethereum, and Solana face billions of dollars in unrealized losses. Strategy currently holds over $12.8 billion in unrealized Bitcoin losses, with its average acquisition cost climbing to approximately $75,000. Ethereum treasury Bitmine faces approximately $10.5 billion in unrealized losses on over 5.4 million ETH. Solana treasury firms also suffered losses as SOL fell below $65 on Friday, hitting its lowest price since 2023.