温馨提示：本站仅提供公开网络链接索引服务，不存储、不篡改任何第三方内容，所有内容版权归原作者所有
AI智能索引来源：http://www.bee.com/zh_cn/51697.html
点击访问原文链接

Still 100% premium after a 70% plunge? SharpLinks ETH gamble remains in suspense | Bee Network

进入原网站 导航首页
Still 100% premium after a 70% plunge? SharpLinks ETH gamble remains in suspense | Bee Network Login 热门新闻 备忘录启动板 人工智能代理 德西 TopChainExplorer 给 Newbee 100 倍金币 蜜蜂游戏 重要网站 必备应用程序 加密货币名人 德平 新手必备 陷阱探测器 基本工具 高级网站 交流 NFT 工具 你好、, 签出 Web3 宇宙 游戏 DApp 蜂巢 成长平台 生态 搜索 英语 充值金币 登录 下载 Web3 大学 游戏 DApp 蜂巢 生态 家•分析•Still 100% premium after a 70% plunge? SharpLinks ETH gamble remains in suspense Still 100% premium after a 70% plunge? SharpLinks ETH gamble remains in suspense分析9个月前更新怀亚特 28,790 18 Original author: Fairy, ChainCatcher

Original editor: TB, ChainCatcher

SharpLink Gaming, a star small-cap stock hailed by the market as the Ethereum version of MicroStrategy, was originally riding on the cusp of the ETH treasury narrative. However, a SEC document caused its stock price to plummet by nearly 70% after the market.

Enthusiasm turned into doubt, and faith plunged into panic. This article will dismantle this sudden crisis of trust and discuss the hidden picture behind it.

市场 Misreading Behind the Plunge At the end of May, SharpLink Gaming completed a $425 million private placement (PIPE) from investors including ConsenSys, Galaxy, Pantera Capital and other established institutions that hold a large position in Ethereum. The funds were used to acquire ETH as a reserve asset. This operation caused SharpLinks stock price to soar to $124, an increase of more than 40 times compared to before the announcement of the financing news.

Yesterday, SharpLink Gaming submitted an S-3A SR registration statement to the US SEC, authorizing the resale of up to 58,699,760 PIPE financing-related shares. This means that more than 100 PIPE investors can choose to sell their holdings.

For a time, the market misinterpreted it as PIPE investors have begun to apply for shipment and panic spread quickly.

Market Misunderstanding

SharpLinks stock price fell to $8.75 after hours, a drop of 73%, before rebounding slightly to the $10 range.

Image source: yahoo!finance

Later, Joseph Lubin, Chairman of the Board of SharpLink and CEO of Consensys, clarified that this document is just a regular registration process after PIPE, and its function is to pre-register shares for potential resale and does not represent any actual sales. He emphasized: The number of shares held after issuance in the document is hypothetical data, and Consensys and I have not sold any shares.

Although the turmoil has subsided for the time being, the market is still full of speculation about SharpLinks movements. Charles Allen, CEO of BTCS Inc, said: Based on my experience, given the background of some investors involved in the transaction, they may indeed be quietly selling. In addition, prefunded warrants are actually an arrangement to avoid disclosing holdings and avoid becoming a related party.

He further pointed out that SharpLink submitted a $1 billion ATM plan (issuing shares at market price) immediately after obtaining WKSI qualification on May 30. They may have quietly completed financing through continuous transactions without immediate disclosure. If the operation goes smoothly, it is possible to announce the purchase of ETH for $1 billion tomorrow, and then ignite market enthusiasm again.

SBET is currently trading at a 100% premium? The current stock price performance and premium of SharpLink (SBET) also reveal investors complex expectations for its future trend. According to Zheng Di, an investor in cutting-edge technology, SBETs current premium is about 100%.

According to the documents submitted to the SEC, the companys total diluted share capital is 77,526,682 shares. Combined with the after-hours share price of about $10, the companys total market value is about $800 million. The number of shares registered this time is 75,319,345 shares (assuming that the warrants of the consultant and investment bank have all been converted and subscribed), plus the original share capital of 690,000 shares. Zheng Di inferred that the previous ATM (issuing shares at market price) worth $1 billion was actually only about 1,517,337 shares, indicating that most of the ATM quota may not have been used, and there is still a risk of dilution in the future.

It said that the total amount of PIPE financing this time was $425 million. Considering that Consensys is the companys Ethereum strategic advisor and there are reports that Consensys-related addresses have purchased about $300 million in ETH, there is reason to believe that most or even all of the financing funds have been used to purchase ETH. Given the limited recent price fluctuations of ETH, the companys current ETH holdings should be valued at about $400 million.

Therefore, based on the above factors, Zheng Di speculates that SBET鈥檚 current market premium is approximately 100%.

SBETs premium reflects, to a certain extent, the markets recognition of the value of its assets, especially the potential value of its Ethereum reserves. However, excessive premiums also bring market risks. In the future, with the release of more ATM (stock issuance at market price) quotas and potential equity dilution, stock price fluctuations may intensify.

The drama of SharpLink is still going on. If, as Zheng Di analyzed, there is still room for equity dilution in the future, it may bring volatility pressure in the short term; and if, as Charles Allen said, the news of the purchase of $1 billion in ETH may be disclosed in the near future, it may ignite market sentiment again and push up stock prices.

This combination of opacity and possibility makes SharpLink both controversial and full of imagination. The real climax may still be ahead.

This article is sourced from the internet: Still 100% premium after a 70% plunge? SharpLinks ETH gamble remains in suspense

Related: Interactive tutorial | Orochi, a zero-cost idle project that raised $1,200, is the next Grass? Original | Odaily Planet Daily ( @OdailyChina ) Author | Asher ( @Asher_0210 ) For the freeloaders, how to get more airdrop opportunities of high-quality projects with limited time and energy has always been an unavoidable topic. In addition to the king-level projects that are interacted with daily, idle and zero-free projects that do not require cost and do not take up operation time have become an important way to improve freeloader efficiency. Recently, Orochi Network, which has raised $12 million, has attracted the attention of Odaily Planet Daily. The project can be idle and free through the computer web page. The project runs on the Monad test network. On the one hand, it can increase the interaction diversity of personal addresses in the Monad ecosystem. On the other hand,…

#分析# 以太坊# 市场© 版权声明文章版权归作者所有，未经允许请勿转载。 上一篇 Kaito platform full gameplay overview: YapToEarn analysis 下一篇 MyStonks puts U.S. stocks on the blockchain. Can on-chain finance have its own Wall Street moment? 相关文章 揭秘“新闻交易”：上线2秒买入，10分钟赚千万 6086cf14eb90bc67ca4fc62b 34,427 2 SOL突破185 USDT，SOL/ETH汇率创历史新高 行政 46,163 25 如果特朗普当选总统，他会通过哪些加密法案？ 6086cf14eb90bc67ca4fc62b 38,043 2 Trump is on the cover of Time. Is there still room for related concept coins to rise? 6086cf14eb90bc67ca4fc62b 161,888 126 Web3 Inside and Outside the Great Firewall: The Encryption Dilemma and Breakthrough Code for Chinese Entrepreneurs 6086cf14eb90bc67ca4fc62b 19,206 As crypto companies flock to the U.S. stock market, has the investment logic of the cryptocurrency circle changed? 6086cf14eb90bc67ca4fc62b 37,952 1 无评论 您必须登录后才能发表评论！ 立即登录 没有评论... 最新文章 Did Jane Street “Manipulate” BTC? Decoding the AP System, Understanding the Power Struggle Behind ETF Creation and Redemption Pricing 15 小时前 533 Stop Comparing Bitcoin to Gold—It’s Now a High-Volatility Software Stock 15 小时前 631 Matrixport Research: $25 Billion Gamma Unwinding Imminent, Liquidity Yet to Return Behind the Rebound 15 小时前 592 ERC-5564: Ethereum’s Stealth Era Has Arrived, Receiving Addresses No Longer ‘Exposed’ 15 小时前 514 Hong Kong Regulatory Green Light: Asseto Enables DL Holdings to Achieve Compliance for Two RWA Business Implementations 15 小时前 567 热门网站TempoLighterGAIB滑翔机普朗克雷尔斯BCPokerVooi Bee.com 全球最大的 Web3 门户网站 合作伙伴 硬币卡 Binance CoinMarketCap CoinGecko Coinlive 装甲 下载蜜蜂网络APP，开始web3之旅 白皮书 角色 常见问题 © 2021-2026.保留所有权利。. 隐私政策 | 服务条款 下载蜜蜂网络 APP 并开始 web3 之旅 全球最大的 Web3 门户网站 合作伙伴 CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors 白皮书 角色 常见问题 © 2021-2026.保留所有权利。. 隐私政策 | 服务条款 搜索 搜索InSite链上社会新闻 热门推荐： 空投猎人 数据分析 加密货币名人 陷阱探测器 简体中文 English 繁體中文 日本語 Tiếng Việt العربية 한국어 Bahasa Indonesia हिन्दी اردو Русский 简体中文

智能索引记录