According to Onchain data, Amber Group, a digital asset investment firm, has increased its exposure to some altcoins over the past 24 hours.
With assets of over $1 billion, the firm has purchased more Lido DAO (LDO), Maker (MKR) and Blur (BLUR) tokens from various exchanges.
According to the data, an address suspected to be owned by Amber Group purchased 2,096 million LDO tokens from Binance at an average price of $1.64 for a total of $3.44 million.
The same address also purchased 1,000 MKR tokens from Binance at an average price of $1,090, paying a total of $1.09 million.
He also bought 1.5 million BLUR tokens from OKX at an average price of $0.209, paying a total of $314,000.
The company paid a total of $4.85 million for the three acquisitions it made.
However, not all altcoin investments of Amber Group are successful. The data reveals that the company holds a large amount of BLUR tokens that have lost more than half of their value since March 2023.
The company has accumulated 26,756 million BLUR tokens from OKX since March 6, 2023, worth a total of $12.37 million, at an average price of $0.462. However, as of August 19, 2023, these tokens are worth only $5.89 million, resulting in an unrealized loss of $6.47 million, or 52.3%.
*Not investment advice.
