Paradigm Capital Moves 3718 ETH to Anchorage Digital as ETH Rallies
Paradigm Capital, an employee-owned independent investment dealer, transferred 3,718 ETH to Anchorage Digital in the early hours of Sunday, April 28. According to Colin Wu, a famous Asian crypto journalist, this was the first time Paradigm transferred ETH in the past three months.
As of the transferâs time, the transactionâs value was about $12 million, leaving Paradigmâs portfolio balance at approximately $415 million. However, by the time this report was filed, the portfolio balance had increased to over $422 million, resulting from an overall increase in crypto assetsâ value.
Data from Arkham Intelligence showed that Ethereum claimed the largest share of Paradigmâs investment portfolio, with a balance of 83,518 ETH, equivalent to $276.42 million. Paradigm also held a significant amount of LDO, the native crypto of the Lido DAO. When this report was filed, the renowned investment dealer had 70 million LDO worth $146.30 million in its portfolio.
Paradigmâs crypto assets portfolio contains many more cryptocurrencies, including OP, QWLA, INS, AAA, and BNB. At the current crypto marketâs state, Paradigmâs portfolio was in profit of $26.53 million, following a maintenance period that has lasted since 2019.
Arkhamâs records show that Paradigm recorded its highest profit margin in November 2021, when its portfolio made a $919 million profit. The profit margin dropped significantly during the crypto winter, falling as low as $1.7 million. Hence, at the current level, Paradigmâs portfolio has recovered notably.
ETHâs price has surged since Paradigm made the notable transfer. The flagship altcoin has made a 2.14% profit by rallying from a $3,258 opening price to $3,312 at the time of writing, according to data from TradingView. A continued surge would positively impact Paradigmâs portfolio as the investment firm plans toward total profit recovery.
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