Sharplink Hits Near $1Bn in Paper Gains: How Liquid Are SBET ETH Profits?

SharpLink Gaming’s Ethereum portfolio has ballooned in value after the cryptocurrency climbed nearly 4.5% over the past day, pushing the company’s unrealized profits close to the $1Bn mark In a statement on Tuesday, SharpLink said its gains from Ether purchases have topped $900M since the firm began accumulating the asset on June 2. Data from the Strategic ETH Reserve shows SharpLink holds 838,730 ETH, valued at roughly $3.93Bn at current prices. That stake represents about 0.69% of Ethereum’s total cir ...