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SharpLink: The per-mil "ETH concentration" has increased from around 2 to around 3.4, a 70% increase

19 hours ago

August 1st, The "ETH Version MicroStrategy" SharpLink Gaming declared that our mission is to maximize shareholder value while holding as much Ethereum as possible. To ensure full transparency, we not only report the issued number of shares or the amount of ETH held but also monitor the ETH amount within every 1000 shares of ownership. We refer to it as "ETH Concentration", which indicates how much Ethereum is supporting every 1,000 shares of SBET stock. Since the implementation of the ETH Treasury strategy, the "ETH Concentration" has risen from approximately 2.00 to about 3.40, representing a 70% increase.
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In the past 4 hours, there has been a total of $332 million in liquidations across the network, with long positions being the primary liquidated.

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