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COINOTAG News on August 31 cited data from strategicethreserve indicating that SharpLink Gaming (SBET) holds 797,700 ETH, representing a market value of approximately $3.55 billion. The on-chain position expanded by 82% over the prior 30 days, producing an unrealized gain of roughly $753 million on a notional basis. These figures reflect a data snapshot rather than executed trades and are reported by the referenced analytics provider.
The disclosure underscores a material Ethereum concentration within SBET’s balance sheet, highlighting considerations around portfolio allocation and potential liquidity exposure. All amounts are derived from the cited on-chain dataset and prevailing ETH prices at the time of reporting; stakeholders should account for price volatility when evaluating market exposure. Source: strategicethreserve via COINOTAG News (August 31).
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