Recommended article "Ten Questions and Ten Answers on Ethereum Micro Strategy: Logic and Position Analysis of Four Major US Stock Companies' Bets on ETH" SharpLink, Bitmine, Bit Digital, and BTCS, all four companies, do not rely on cash to purchase coins. They do so through various channels such as PIPE, ATM issuance, convertible bonds, DeFi lending, and BTC monetization. SharpLink and BitMine experienced a deep drawdown of over 70% in the short term, demonstrating high-risk and high volatility characteristics. SharpLink is currently the only enterprise that publicly has traceable ETH addresses, and is the most complete in terms of profit and loss disclosure and on chain transparency. SharpLink and Bitmine have initially formed representatives of the "ETH micro strategy". But to become a true 'Ethereum version of MicroStrategy', not only does it require continuous accumulation of ETH, but it also needs to form a closed loop in multiple dimensions such as financing capability, on chain deployment, narrative control, and valuation transmission. Full text: https://mp.weixin. (qq.com)/s/MVnFWahJuemQDKGQTthf2Q