After the plunge Sharplink is valued at around $600m~ They added 463M of ETH to treasury and will continue to have their iGaming/casino affiliate network operation. They also own 10% of CryptoCasino with first right of refusal on ownership buyout. The ETH staking excluding appreciation likely brings them around $14m/year, which puts the premium on price over assets at maybe a 10x which compared to the rest of industry stocks isn’t bad. It’s also eligible for retirement accounts. Having worked in the advertising space and at a search engine I also spent a lot of time working on affiliate stuff, and will say that iGaming affiliate stuff can be incredibly lucrative if done right - especially in the crypto space. So I’d like to see them work on restoring some of that (perhaps with new leadership) Either way, I think for me SBET is a cautious buy here. Not a heavy bet, because we still need to see how the management works out and their plans on managing/issuing debt, but, the premium isn’t that much compared to some of the potential benefits.