Teacher Bruce wrote that the process of $SBET was experienced by many friends with $MSTR. It's not necessarily a good thing that these companies buy large amounts of BTC or ETH. From an observer's perspective, it does mean that a significant amount of cryptocurrency assets has been purchased, which is beneficial for locking in liquidity. However, for stockholders, where does the money to buy the coins come from?
Initially, MSTR's use of the ATM (At-the-Market) strategy put pressure on its stock price. Now, SBET is adopting almost the same approach during this period. As Teacher Bruce mentioned, on July 17, they directly executed an ATM of $6 billion, and one could even say that SBET is more aggressive than MSTR.
Previously, SBET was quite similar to MSTR at $540, so let's hold back a bit for now.
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