
CryptoCondom|May 28, 2025 04:33
Gratis to the crowd source. For anyone interested in the new Strategy-esque ETH vehicle, Sharplink Gaming (SBTE):
Based on the current BTC strategy companies, SBET has sig upside potential based on the following catalysts:
1) Closure of the PIPE on or about May 29
2) Purchase of ETH with the 425m
3) Expectation of a premium to nav due to staking yield which would provide compounded leverage in addition to future offerings
If we assume $425m in ETH, then upwards of a 722.5 MC is possible based on a similar premium to NAV that @Strategy enjoys (1.7x ratio).
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