This operation is quite interesting. These American stock companies are learning from MSTR and getting into ETH. Companies like Sbet, Btbt, and Btcs are diluting their equity by issuing stocks for cash, hoarding ETH like crazy, and more and more people are getting involved, with the buying volume becoming increasingly alarming.

To be honest, this is similar to MSTR hoarding Bitcoin, tying the company's fate to cryptocurrency. While the price goes up, it looks glorious, but the price of ETH is like a roller coaster; if it drops hard, the company's financial report may look terrible. Not to mention repeatedly issuing stocks to dilute shareholder equity, old shareholders are likely to be furious, and the stock price can easily fluctuate wildly.

As for what new tricks they can come up with in the future? It's hard to say. They might pull in other mainstream coins to join in, or play with some derivatives to leverage, making more but also suffering worse losses. They might also dive into the ETH ecosystem, tying in with DeFi, NFTs, etc., hoarding coins while also doing business.

But ultimately, this industry is all about the coin price and the mood of regulators. If you really want to invest in these companies, you need to keep your eyes wide open and not get carried away by temporary excitement.