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Bro what are you even talking about? There's about $2 billion worth of ETH exiting more than is entering over the next 2 weeks. Last week SBET alone bought 30% of that. Like why are you even arguing about this?
SBET AND BMNR are already doing this with way more eth
None of this is going to matter for ETH in a month when 100k ETH a day is being eaten up by BNMR and SBET and ETFs. Seriously. [Just look at the accumulation rate.](https://www.strategicethreserve.xyz/)
I made 1500% and counting in MSTR I’ll take SBET and bmnr for 10x
Tom Lee is a complete sellout I hate wallstreet hes working with hedge funds to short SBET while pumping bitmine this guy does not even beleave in eth long term
$SBET is getting left behind by $BMNR In quite a big way...which sucks as I bought $SBET, tempted to sell and move my money to $BMNR to be honest The real question I can't figure out though is why the big difference in their prices growth???
Is there any reason to buy ETH over ETH treasury companies? I saw MSTR greatly outperform BTC as I held onto spot BTC and wished I got into MSTR a couple years back instead of only spot BTC. Now we seem to one at the same place MSTR was two years ago, with BMNR and SBET. I'm having a hard time finding a convincing argument to keep holding my ETH instead of rotating it into BMNR. I could care less about the utility of the coin, I only want the yield. thoughts? I'm about to go balls deep on BMNR next week and sell most of my ETH to do so. Tell me why I shouldn't.
Trade options on companies with exposure to ETH like any of the ETFs that are tied to ETH or companies rapidly acquiring ETH on their balance sheets like SBET or BMNR
SBET is the hot trade right now shit is fuckin juiced
The buy-side pressure of ETFs (soon with staking to generate yield!) and Treasury companies like SBET and BMNR is exceptional. I struggle to understand why the price has moved so little. Must be a lot of dark pool trading, direct purchases and in-kind contributions.
I doubt they will stake 100% like the Ether Machine or SBET.
Loading up on BMNR and SBET like a degenerate
I’d be more inclined to buy into an ETH proxy like a treasury company. $SBET or $BMNR. Higher risk, higher reward on an ETH play. Then rotate profits back into BTC
The real reason? Joe Lubin and Tom Lee shilling SBET, the largest ETH treasury holding company.
The difference this cycle is definitely the ETFs and the treasury holding companies like strategy and SBET. So this is the first cycle non-retail has been able to enter in size
I like the idea but it’s not hard to do so today with crypto etf’s and proxies (i.e. MSTR, SBET). Also, we are moving to being able to move your crypto assets from broker to wallet to maintain custody. That would be difficult with an IRA account. Maybe they can have classes (ones you can self-custody and one you can’t). Bullish overall for crypto though and further progress towards ubiquitous broad acceptance.
And SBET is about to get there shortly with 5 billion about to be raised for ETH
You forgot SBET with +30℅
To get fun with it: The Genius & Clarirty act along with the banning of CBDC’s will be bullish for stablecoins. Eventually the masses (who still can’t grasp BTC) will start flooding into ETH based treasury companies just as they did in MSTR a couple of years ago for BTC. (SBET, BMNR to name a couple). Even though they are fairly clueless in what they are investing in. This is all likely to create the alt coin rally that we don’t need or want, but will inevitably get. Ethereum leads the charge as its actual real world use case gets brought to light with the tech to run stable coins. (Although I’m sure some more speculative names will shine but will remain mostly useless). This could be an opportunity for BTC fud and if so, sets up potentially our last buy the dip opportunity before parabolic gains. My reasoning: I’m not a huge fan of ETH (or anything other than BTC) but I do recognize the real world applications that will come from it. It’s overall bullish for BTC as it will on ramp way more fiat $ into the digital rails with Stablecoins. This $ will eventually find its way to BTC because it is the best form of hard money the world has ever had. The longer term picture becomes more bullish for BTC. The world will become more used to crypto as a whole, starting with familiarity (USDC, USDT). But as American debt continues to grow and the interest on that debt creeps towards total federal tax revenues - BTC becomes the safe haven all of that liquidity runs too. In the event the U.S. kicks the can down the road and cuts interest rates, even better. BTC rips again 🚀 TL;DR - Bitcoin is Inevitable 🚀
tldr; Sharplink Gaming has acquired 21,487 ETH worth $64.24 million through OTC deals with Galaxy Digital and Coinbase Prime, surpassing the Ethereum Foundation's reserves. The company now holds 253,000 ETH, with an average purchase price of $2,647, and has spent over $600 million on Ethereum in under two months. Sharplink's stock (SBET) has surged 486% since adopting an ETH treasury, outperforming Ethereum's 17% gain. The move aligns with Ethereum's recent price rally, briefly crossing $3,000, and signals growing interest in altcoins and ETH-based ETFs. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I’m not really directly into crypto. But do own some MSTR. I recently added SBET to get ETH exposure. Looking to pivot lot more towards ETH. I would say ETH. Finally gaining traction with real world use cases… Defi, stablecoins, tokenized assets.
$100 I would definitely invest all of it in Ethereum treasury companies like SBET. After that Tom Lee appearance, I think a bubble will form with Ethereum treasuries.
SBET this week went up 1,281% in 3 days. We are in a hot market for stocks.