2015 Ethereum ICO Wallet Sells 16,700 Ether (ETH) for More Than $32.3 Million

An Ethereum wallet that acquired 38,800 Ether (ETH) in the network’s 2015 initial coin offering sold 16,700 ETH in one transaction valued at more than $32.3 million. That was about 43% of its original ICO allocation.

The wallet’s 2015 ICO allocation had an acquisition cost of 31 cents per ETH.

The reported loss concerns 8,630.71 ETH the wallet bought on Sept. 21 at an average price of $2,742.41. That portion was sold at $1,934.63 per ETH, a loss of about $6.971 million against its purchase price.

Enna Lee

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].