“Gambling on Ethereum! The company sells shares to raise 30 million, splurging 12,207 ETH, will the stock price soar or dig its own grave?”
Crazy! SharpLink wildly sells 2.54 million shares, throwing in 27.7 million dollars in one go to sweep up 12,207 ETH!
This is not a game, this is a blatant All In! Average price $2,513, the position instantly surged to 188,000 ETH, with a market value of up to $457 million, not only fully staked but also has already 'mined' 120 ETH in earnings (about $293,000), a textbook-level approach to earning interest!
The market directly exploded: ETH slightly rose to $2,450, whales increased their holdings, staking volume soared past 35 million ETH, on-chain data frantically made its presence felt. But the most exciting part is SharpLink's own stock price:
📈 24-hour surge +7%, post-market soaring +1%!
📉 But don’t forget, it plummeted from the May high of $79.21 to $9.66, a brutal correction over 87%, a big bloody mess.
Some see hope, others smell risk: shareholder dilution, private placement sell-off, income down 24%… Wall Street is mixed.
Is this a bold move betting on the company's future, or 'the last madness'? Can ETH support this dream?
The market is watching, the on-chain is betting, the game has begun... Will you get on board?
