SharpLink Gaming has continuously increased its ETH holdings with a total of 253,000 ETH, achieving outstanding profits of nearly $80 million.
Through direct transactions and reputable trading platforms, SharpLink Gaming has accumulated ETH following MicroStrategy's operational model since early June, demonstrating a professional and effective investment strategy.
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SharpLink Gaming has purchased a total of 253,000 ETH since early June.
ETH transactions worth over $64 million in the past 6 hours through Galaxy Digital and Coinbase Prime.
Outstanding profits with an average purchase price of about $2,647 and current profits nearing $80 million.
How much ETH has SharpLink Gaming purchased and over what time period?
Based on analysis from on-chain expert Yu Jin, SharpLink Gaming has purchased a total of 253,000 ETH since early June 2024, demonstrating a commitment to long-term investment in Ethereum.
In particular, just in the last 6 hours, the company has spent an additional $64.26 million to purchase 21,487 ETH through reputable trading channels such as Galaxy Digital and Coinbase Prime, after previously acquiring 10,000 ETH from the Ethereum Fund.
What is special about SharpLink Gaming's ETH buying strategy?
SharpLink Gaming applies an ETH purchasing strategy based on the operational model of MicroStrategy, one of the major and reputable investors in the cryptocurrency sector. The average purchase price is about $2,647 per ETH, helping them optimize profits as ETH prices rise.
"The accumulation of ETH by SharpLink Gaming following the MicroStrategy model not only maximizes profits but also enhances the company's financial stability in this highly volatile market."
Yu Jin, On-chain analyst, 12/07/2024
What is the current economic efficiency from SharpLink Gaming's ETH investment?
As of now, SharpLink Gaming has an outstanding profit of approximately $79.88 million from the ETH purchased at an average price of $2,647, a remarkable achievement in the context of cryptocurrency market volatility.
This figure reflects the team's deep analytical capabilities regarding the market and appropriate purchasing strategies, contributing to enhancing shareholder value and strengthening the position in the global digital financial market.
Frequently Asked Questions
Who is SharpLink Gaming? – A major investment organization specializing in accumulating cryptocurrencies through a long-term investment model.
Why did SharpLink Gaming choose to buy ETH? – ETH is a valuable asset with strong growth potential in the Blockchain ecosystem.
What is SharpLink Gaming's average purchase price for ETH? – Approximately $2,647/ETH, consistent with their long-term investment strategy.
What is the current profit from buying ETH? – Estimated at approximately $79.88 million according to the latest report.
Through which channels were the ETH purchases made? – Through Galaxy Digital and Coinbase Prime, ensuring transparency and safety.
Source: https://tintucbitcoin.com/sharplink-gaming-mua-them-21-487-eth-lai/
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