In a calculated maneuver that stirred ripples within the cryptocurrency realm, Paradigm Capital orchestrated the transfer of 3.718 ETH to Anchorage Digital. Executed during the dawn hours of Sunday, April 28, this transaction, valued at a staggering US$12 million, heralded Paradigm’s reentry into Ethereum transfers after a hiatus of three months, as reported by Colin Wu, a prominent crypto journalist based in Asia.
At the time of this significant transfer, Paradigm’s coffers boasted a portfolio balance nearing $415 million. However, the ensuing hours witnessed a swift surge, propelling the total valuation to over US$422 million, propelled by the meteoric rise in the value of various crypto assets.
Insights gleaned from Arkham Intelligence’s analysis unveil Ethereum’s dominance within Paradigm’s investment portfolio, with a substantial holding of 83.518 ETH, equivalent to a staggering $276.42 million. Alongside Ethereum, Paradigm maintains a formidable stake in LDO, the native currency of Lido DAO, comprising 70 million LDO valued at $146.30 million.
The specific transfer of 3,718 ETH to Anchorage Digital, Custodian (0xd5…0191), represents a pivotal move in Paradigm’s strategic playbook, with its monetary worth clocking in at approximately US$12 million. Notably, this marked the resumption of ETH transfers after a dormant period of three months. Presently, the Paradigm address remains fortified with approximately $415 million in crypto assets, prominently anchored by its Ethereum holdings of 83.518k…
As a testament to its diversified investment strategy, Paradigm’s crypto portfolio boasts an eclectic mix, featuring OP, QWLA, INS, AAA, and BNB. Since 2019, this meticulously curated collection has yielded profits amounting to an impressive US$26.53 million. The zenith of profitability was scaled in November 2021, cresting at a staggering US$919 million. However, the “crypto winter” witnessed a stark downturn, dwindling profits to a meager US$1.7 million. Nevertheless, there is a discernible resurgence in the portfolio’s fortunes.
At the time of crafting this narrative, the price of ETH stood at a robust US$3,286.01, reflecting a commendable uptick of 5% within the preceding 24-hour window.
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