SharpLink Gaming continuously accumulates Ethereum with a total purchase amount of 358,000 ETH.
Since the beginning of June, SharpLink Gaming has made several purchases of ETH through Coinbase Prime, with a total value reaching hundreds of millions of USD along with outstanding current profits.
MAIN CONTENT
SharpLink Gaming has purchased a total of 358,000 ETH since June.
The average purchase price is approximately 2,825 USD for each ETH.
Currently, SharpLink Gaming has outstanding profits of 260 million USD from ETH transactions.
How much Ethereum has SharpLink Gaming purchased and when?
On-chain data from expert Yu Jin confirms that SharpLink Gaming recently purchased 4,904 ETH, raising their total holdings to 358,000 ETH since the beginning of June 2024.
The latest purchase took place just 2 hours ago on the Coinbase Prime platform, reflecting SharpLink Gaming's steady accumulation strategy over the past few months.
Why did SharpLink Gaming choose Coinbase Prime as their trading platform?
Coinbase Prime offers professional, secure trading solutions for large investment institutions, helping SharpLink Gaming maximize performance and transparency when purchasing ETH.
Choosing this platform also proves their priority in controlling risks and reputation during the accumulation of cryptocurrency assets.
SharpLink Gaming is taking advantage of the positive Ethereum market to diversify its investment portfolio and increase profitability.
Yu Jin, On-chain analyst, July 2024
What is the average purchase price of ETH and the current profit of SharpLink Gaming?
SharpLink Gaming recorded an average purchase price of approximately 2,825 USD per ETH, consistent with market trends over the past 2 months.
Notably, this investment is currently generating outstanding profits of 260 million USD, demonstrating their timely buying strategy.
Investment efficiency analysis based on actual data
According to a recent report, the price of ETH is currently fluctuating around 3,050 USD – 3,100 USD, so holding a large amount of ETH helps SharpLink Gaming maintain a strong position when the market benefits from positive price fluctuations.
A clear and consistent investment strategy will lead to sustainable profits in the volatile cryptocurrency market.
Nguyễn Tuấn Anh, CEO of the blockchain financial consulting company, June 2024
What are the strategic benefits of accumulating large amounts of Ethereum like SharpLink Gaming?
Holding a large amount of Ethereum not only helps increase the portfolio value but also supports their position when participating in DeFi, Staking, or Governance activities on the Ethereum network.
SharpLink Gaming can use ETH to optimize their investment portfolio through Yield farming or participate in Layer 2 projects, enhancing overall financial efficiency.
Next steps with the current amount of ETH
With 358,000 ETH in hand, SharpLink Gaming has great potential to leverage various cryptocurrency services, enhance capital utilization, and ensure sustainable development in the future.
Frequently Asked Questions
Which exchange does SharpLink Gaming buy ETH through?
They use Coinbase Prime, a professional trading platform for institutions, to optimize safety and efficiency.
What is the average price of ETH that SharpLink Gaming purchases?
About 2,825 USD for each ETH, according to the report of on-chain analyst Yu Jin.
How much is SharpLink Gaming currently profiting from buying ETH?
They are making a profit of about 260 million USD based on the current market price.
What are the benefits of holding large amounts of ETH?
Helps increase portfolio value, participate in DeFi, Staking, and enhance governance strength on the blockchain network.
When does SharpLink Gaming usually buy ETH?
Since the beginning of June 2024, they have maintained continuous purchases to optimize their investment portfolio.
Source: https://tintucbitcoin.com/sharplink-gaming-mua-them-4-904-eth/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news in the cryptocurrency market and not miss any important information!
