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BOM TẤN: SharpLink Gaming All-In 1 BILLION USD to Buy ETH – Is Ethereum Ready to EXPLODE?
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SharpLink Gaming (NASDAQ: SBET) has just made a shocking move: 1 BILLION USD to accumulate Ethereum (ETH) as a strategic treasury, upgrading from the initial 425 million USD plan!
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Inspired by MicroStrategy, this is the biggest move ever!
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Why is it super hot?
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Raising 1 billion USD: Issuing new shares to buy ETH and expand the business.
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Stocks explode: SBET surged 420% after the announcement of 425 million USD, reaching ~35.80 USD!
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Top leadership: Joseph Lubin (co-founder of Ethereum, CEO of Consensys) as Chairman of the Board.
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Backing giants: Consensys, Pantera Capital, Galaxy Digital, ParaFi Capital are investing.
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ETH impact: ETH price jumped 4.5%, open interest in futures reached 36.1 billion USD!
Opportunity or risk?
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ETH supply crunch: 120,000 ETH purchased and staked, could push the price to 3,000 USD!
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Triggering altseason? This move could draw funds into ETH and altcoins, as Bitcoin Dominance (62.97%) is stabilizing.
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Risk: ETH price volatility and SharpLink's financial situation (14 million USD loss in 2023) are considerations to weigh.
