SharpLink Buys 10,000 Ether in Two Days as Unrealized Loss Tops $1.7 Billion

SharpLink Gaming is accumulating Ether again.

Onchain Lens said June 26 that the company bought a total of 10,000 Ether over the past two days.

SharpLink now holds 886,285 Ether, worth about $1.4 billion at current prices.

Its wallet's unrealized loss has climbed past $1.7 billion. With its average purchase price from earlier buys still well above the current market price, the company appears to be using the latest purchases to lower its cost basis.