SharpLink: Approximately $900 million in unrealized gains from Ethereum financial strategy
Summary
- SharpLink Gaming said it recorded approximately $900 million in unrealized gains following the introduction of an Ethereum (ETH) financial strategy.
- The company said Ethereum concentration more than doubled and value per share increased.
- It emphasized that it currently has no debt and holds 839,000 ETH, securing a strong financial position.
Nasdaq-listed SharpLink Gaming has recorded unrealized gains exceeding 1 trillion won following its Ethereum (ETH) financial strategy.
On the 7th (local time), SharpLink said on X, "Since the Ethereum (ETH) financial strategy introduced on June 2 this year, unrealized gains have exceeded approximately $900 million (about 1.27 trillion won)."
The company added, "As Ethereum concentration more than doubled, value per share increased," and "the company currently has no debt and holds 839,000 ETH. Through this, it has secured a strong financial position that can continue to create shareholder value."
SharpLink emphasized, "Ethereum is a productive, revenue-generating asset. These results are a case proving Ethereum's asset efficiency."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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