🚨 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.
