📈 SharpLink Gaming doubles down! Continuously buying Ethereum, short-term floating profit surpasses $200 million.
According to on-chain analyst @EmberCN, @SharpLinkGaming has purchased 20,279 ETH through Coinbase Prime and Galaxy Digital in the past 4 hours, with a market value of approximately $68.38 million. Since initiating a micro-strategy-like asset allocation strategy in early June, the institution has accumulated a total of 321,000 $ETH, with an average purchase cost of about $2,745.
As of the current price estimate, their ETH holdings have generated over $204 million in unrealized gains, indicating that the long-term bet on $ETH is quickly turning into a profitable situation. The recent rapid rise in the market has also reignited interest in institutional ETH allocations.
Show original
1.47K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.