Two Leading Ethereum Reserve Firms Still Hold Over $1.2 Billion in Unrealized Gains
According to a report by Jinse Finance, crypto KOL AB Kuai.Dong revealed that although Ethereum has retraced about 9% from its weekend high, the holdings of two leading Ethereum reserve companies remain in profit. Based on the current Ethereum price of $4,331: BMNR's cost is $3,827, with a floating profit of 13.8%, and a total unrealized gain of $679 million; SBET's cost is $3,571, with a floating profit of 22%, and a total unrealized gain of $571 million. During the workweek, the two companies may disclose more data on their increased Ethereum holdings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analyst: SHELL and MOVE project teams will transfer repurchased tokens back to CEX
Analyst: SHELL and MOVE project teams will repurchase tokens and transfer them back to a certain exchange
Injective announces EVM mainnet is now live
Data: Bitcoin ETF saw a net outflow of $2.7 billions in the past month
