Sharplink Gaming, one of the largest Ethereum (ETH) financing companies, continues to buy ETH at full speed.
At this point, the company announced its new acquisition yesterday, warned of the risks associated with today’s ETH.
The Ethereum financial strategy is expanding rapidly as more companies add ETH to their balance sheets. For some investors, this is considered an investment in the future of blockchain, but for others it is an opportunity to make quick profits.
At this point, Sharplink Gaming CEO Joseph Chalom warned that companies that view Ethereum as a tool for quick returns are taking a big risk.
Speaking to Bankles, Joseph Charom emphasized that there are ways to achieve double-digit ETH returns, but it carries a significant risk.
Emphasizing that high returns are never risk-free, well-known CEOs have turned their attention to risks that companies often overlook, such as credit risk, counterparty risk, duration risk, and smart contract vulnerabilities.
“There’s credit risk, there’s counterpart risk, there’s period risk, there’s smart contract risk. But the biggest risk is, in my opinion, that someone who’s far behind takes a reckless and unwise risk.”
According to StrategicEthReserve data, Sharplink Gaming is the second-largest public ETH holder with 837,230 ETH, over $3.6 billion worth of 837,230 ETH, lagging behind Bitmine Immersion Technologies, holding $8.03 billion in ETH.
In August, Ethereum founder Vitalik Buterin also supported Ethereum Corporate Treasuries, but warned of the risks.
*This is not investment advice.
