🚨 UPDATE: SharpLink Gaming’s Strategic ETH Reserve sits on $197 MILLION unrealized loss

According to Coinglass, SharpLink Gaming’s ETH treasury is currently down $197M on an unrealized basis.

KEY CONTEXT:

• Loss is unrealized — no forced selling confirmed $MIRA

• Reflects continued ETH price weakness

• Puts pressure on corporate ETH treasury strategies $DUSK

WHY IT MATTERS:

• Highlights risk of mark-to-market volatility for crypto treasuries

• Could trigger hedging, restructuring, or narrative shifts $PEPE

• Reinforces divide between long-term conviction vs short-term pain

BOTTOM LINE:

Treasury Strategies Are Being Stress-Tested.

Only Those With Time, Capital, And Conviction Survive Drawdowns.

#BinanceHODLerMorpho #币安HODLer空投BREV #USIranMarketImpact