In a move that remembers the bold steps with Michael Saylor’s strategy, betting company Sharplink Gaming (SBET) has accumulated Ethereum’s cryptocurrency, Ether (ETH), at a dizzying pace, as a reference for the heat growth of digital assets.
A communicator known as “Defia Dad” compares the opportunities for Sharplink’s actions to offer a “time machine” that invests in strategy before explosive growth. But instead of Bitcoin (BTC), ETH focus.
Quoted in Nasdaq, which has a market value of $1.8 billion, Sharplink has strengthened its ETH purchases through ATM sales (market).
Yesterday, on July 13, the company purchased 16,374 ETH for $48.8 million and raised its holdings at 253,861 ETH. With this Sbet surpasses the Ethereum Foundation and became the largest institution holder of this asset.
“It’s early,” Defi Dad said, suggesting that Sbet’s growth potential is just beginning.
Impulse towards the market
This move to Ethereum has caused the price of Sharplink stocks, which currently contributes to $24. Since the company announced its ETH strategy, its stock has experienced significant growth at a peak of $3 to $123 at the end of May last year.
He suffered from collapse caused by communication errors that temporarily affected its value, but SBET maintains an upward trend, reflecting market confidence in its commitment to ETH.
Sharplink Investment Thesis
Sharplink details its approach to ETH, highlighting its role as a reserve asset. For the company, Ethereum is building its own economy not only as a layer of applications, but also as a decentralized global infrastructure for value, computing and coordination. “What was the cloud for Web2, Ethereum for Web3,” they added.
The company emphasizes that ETH is the fuel for this digital economy. «As more capital, as computing and coordination moves across the network, demand for ETH increases. Not only as a value reserve, but as a fuel for transactions, contracts and collateral positions,” they explain.
Features such as shortages, neutrality, staking performance, debt loans of over $1.99 billion and deep liquidity support will help ETH be designed to become an Internet reserve asset, the company said.
The model was inspired by Saylor, but in order
Unlike strategies that have a market capitalization of $1260 million, SBET has a much lower market value, but it operates at a ratio of 2.7 times the adjusted net (MNAV), Definition says.
This approach not only replicates the accumulation of Saylor Digital Assets; Take advantage of Ethereum opportunities in decentralized finances (defi).
According to analysts whose quotes are pseudonyms, SBET is more than just imitation. “It is an inertial steering wheel that invests in the native productivity of Ethereum debt, showing the world what this network can do as a transparent financial protocol.”
ETH fever is growing
ETH’s institutional interest is not limited to Sharplink. Companies such as Bitdigital, BTCS Inc. and Bitmine Immersion Technologies (BMNR) are also accumulating ether.
Bitdigital, for example, completed his total conversion from the Treasury to ETH last week, raising a $172 million offer and selling 280 BTC to increase ether reserves.
This movement reflects growth trends: Companies are debt or financing to fund ETH purchasesseeking to generate additional yields through staking. This is a practice that allows you to earn passive income by participating in validating transactions with Ethereum.
The risks of the horizon
But everything is not optimistic. Saylor’s strategy and strategy is based on Bitcoin’s solidity, but ETH and other cryptocurrencies, with a fixed supply of 21 million units, face a variety of challenges, as reported by encryption.
ETH offers do not have strict tops. This leads to potential inflation if demand is not accompanied by. Furthermore, unlike BTC, which serves as a shelter in an age of economic uncertainty, ETH shows a significant depreciation against Bitcoin over time. therefore, It is dangerous to replicate Sayler’s strategies without understanding these differences.
Despite the warning, ETH fever continues to grow. To date, 1.3 million ETH have been in the hands of businesses, foundations, Defi Protocol, DAOs and government agencies.
Sharplink marks the path with its focus on Defi and its position as an institutional leader. To define this is just the beginning. «We pay attention to these companies. They are redefineing how public companies interact with cryptocurrencies».
explanation: This article is written as a useful method. It does not constitute an investment recommendation or a financial council. Each investor is responsible for conducting his own research.