SharpLink Gaming (stock code: SBET) saw its stock price plummet by 20% on Friday after the company submitted a revised document planning to significantly increase its stock issuance scale from $1 billion to $6 billion to expand its Ethereum reserves. Although previous ETH accumulation strategies had driven the stock price up sharply, this large-scale financing raised strong concerns among investors about share dilution.

According to Arkham data, SharpLink currently holds about $1.3 billion in ETH and has made significant purchases this week. However, the news of an additional $5 billion stock issuance led to a rapid downturn in market sentiment, triggering a wave of sell-offs.

This event indicates that although more and more companies are turning to accumulate crypto assets, investors remain highly sensitive to share dilution and market supply pressures.

#SharpLink #SBET #Ethereum #CryptoStocks #IncreaseETH #ShareDilution #CryptoStrategy

Hỏi ChatGPT