Hong Kong-based digital asset platform Amber Group has made an addition to its portfolio with the artificial intelligence-focused altcoin.
According to on-chain analysis platform Lookonchain’s data, Amber Group has taken action for the artificial intelligence focused cryptocurrency Render (RNDR).
The data revealed that the company purchased 99.998 RNDR worth $1.1 million on March 27th. The company had previously purchased 1.07 million RNDR worth $1.1 million at a cost of $4.68 million. Amber, which has never sold so far, had a total profit of $6.8 million from this investment.
The company has invested in 17 different cryptocurrency projects so far, and all but two of them have yielded high profits. With no sales yet in these 17 altcoins, Amber’s total profit exceeded $25 million.
Among the altcoins held by Amber Group are RNDR, AGIX, GALA, QBT, SUPER, IMX, INJ, SAND, COTI, BEAM, JASMY, PYR, ARB, OP, ENJ, ILV, and LRC.
The company has only failed to profit from the SAND, ENJ, and LRC investments so far, with the most profitable altcoins being RNDR, AGIX, and GALA.
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