The combined market capitalization of the top 20 DAT companies has shrunk by $17 billion, with Bitmine accounting for over 40% of the share.

ChainCatcher reports that, according to TheDefiant, as the cryptocurrency market continues to decline (BTC and ETH drop below $73,000 and $2,100 respectively), the combined market cap of the top 20 DAT has shrunk by $17 billion.

Among them, Tom Lee’s Bitmine Immersion accounts for nearly 44% of this figure, with unrealized losses on its ETH holdings reaching as high as $7.5 billion, with an average purchase price of $3,900.

Michael Saylor’s Strategy follows closely behind. Despite Bitcoin’s trading price being only 2.8% below its average acquisition price of $76,000, the company still incurred a loss of $2.2 billion.