U.S.-listed SharpLink's unrealized Ethereum gains exceed $900 million

Source
Son Min

Summary

  • SharpLink Gaming announced that its Ethereum unrealized gains have exceeded $900 million.
  • SharpLink explained that over the past four months it doubled its Ethereum holdings, increasing value per share.
  • SharpLink's stock closed at $19.24, up 5.8%, and reported a 22.8% increase over the past month.

U.S. Nasdaq-listed SharpLink Gaming's unrealized Ethereum gains have surpassed $900 million.

On the 7th (local time), SharpLink said on its official X (formerly Twitter) account, "Over the past four months, we doubled our Ethereum holdings and increased value per share," adding, "Our current unrealized gains have surpassed $900 million." It went on to say, "We currently hold approximately 839,000 Ethereum without debt," and "Ethereum is proving to be a productive and income-generating asset."

Meanwhile, SharpLink's stock closed at $19.24, up 5.8% on the day, and has risen 22.8% over the past month.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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