Sharplink (SBET) discloses Q1 financial report this week: holding 872,984 ETH, an average price of $3,609, current price $2,280, a floating loss of 37%, an unrealized loss of approximately $1.16 billion.


Staked a total of 18,800 ETH (≈$42.87 million) — only covering 3.7% of the floating loss — at this rate, it would take 27 years to break even.
The company's cash is only $16.9 million, with a net loss of $686 million in Q1, ETH assets account for 99% of total assets.
Institutions buy high and call it "strategic holding," retail investors buy high and call it "standing guard" — the $3,609 cost basis line, no difference. #Gate广场五月交易分享 $ETH
ETH-1.71%
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