Regarding the report from PANews on October 27th that Sharplink Gaming has added another 19,271 ETH to its reserves , on-chain analyst Yu Jin stated that these ETH were not purchased in the past two days, but rather on October 17th. Sharplink raised $76.5 million through a share placement on October 17th, and then purchased these 19,271 ETH at $3,892. SharpLink currently holds a total of 859,853 ETH (worth $3.58 billion), with an average cost of $3,609. This represents a current unrealized profit of $480 million.
SharpLink currently holds a total of $3.58 billion worth of ETH, with a current profit of $480 million.
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