๐ Nasdaq's SharpLink Gaming Doubles Down on $ETH ! ๐ฎ๐ธ Buys $14.5M More Amid Dip ๐
1. Big $ETH Buy!
๐ SharpLink Gaming (Nasdaq: $SBET) just bought another 5,989 Ethereum (ETH) worth roughly $14.5 million* through crypto firm Galaxy Digital.
2. Huge ETH Stash:
๐ฆ They now hold a massive 194,000 ETH in total ๐ฑ.
3. Total Investment:
๐ฐ They've spent about $507 million buying all this $ETH . On average, they paid $2,611 per ETH.
4. Current Paper Loss:
๐ Because ETH's price has dropped since they bought most of it, their holdings are currently worth about $36 million less than they paid (an "unrealized loss").
Why it matters:
This shows a big Nasdaq-listed company is still confident in #Ethereum long-term, buying more even when prices are down! ๐ค๐