$ETH #USNationalDebt #MarketPullback #PowellVsTrump #SwingTradingStrategy #XSuperApp SharpLink Gaming continues to buy an additional 6,744 ETH, with total estimated losses reaching up to 37.5 million USD
According to on-chain data published by the analysis platform Ember on June 21, SharpLink Gaming – a company operating in the field of sports betting technology and online entertainment – has just made an additional purchase of 6,744 ETH in the past 4 days, with a total value of about 16.51 million USD. This transaction was carried out through the cryptocurrency investment company Galaxy Digital.
As of now, the total amount of ETH that SharpLink Gaming has purchased and is holding is approximately 188,000 ETH. The company has spent an estimated 493 million USD for this entire amount, equivalent to an average price of about 2,617 USD per ETH.
However, with the recent price volatility of Ethereum, SharpLink Gaming's ETH portfolio is recording an unrealized loss of about 37.5 million USD. This indicates that the company is facing significant pressure in the context of a highly volatile cryptocurrency market.
Information about the continuous buying actions of SharpLink Gaming is attracting the attention of investors, especially in the context of major institutions gradually returning to accumulate digital assets
