[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Kyle Reidhead | Milk Road [@KyleReidhead](/creator/twitter/KyleReidhead) on x 14.4K followers Created: 2025-06-13 14:58:44 UTC $SBET (the Microstrategy of $ETH) tanked XX% over night! Here’s why and where the opportunity is 👀 Last night, a few crypto news sites and KOLs shared an SEC filling and claimed the entire cap table sold XXX% of their shares (lol😅) Obv this spooked investors and the stock went down XX% in after hours trading. However, what these ppl missed is that they didn’t actually dump their shares. The filings just shows they COULD sell them at a certain time. As mentioned here: Which by the way, this is necessary to run a crypto corporate treasury playbook where you sometimes dilute shares to buy the asset (in this case $ETH) See here: A rational human who is aware of the situation would understand that @ethereumJoseph @Consensys and some of the largest funds in crypto would obviously not publicly dump on the space like that. It would be reputational suicide and crush all of their companies. Come on crypto reporters 🤦🏽 Anyway, here’s where the opportunity is. This morning, @SharpLinkGaming announced a purchase of $460m in $ETH, with a raise of another $XX million to buy more $ETH It’s also now staking XX% of its $ETH earning approx $14million/year After the XX% decrease, the valuation of $SBET is now $XXX million. Almost X to X with the amount of $ETH they hold after the incoming $79million But remember, they have an operating business regardless of $ETH that generates revenue + the yield from their staked $ETH So currently, this company is likely undervalued. Especially when you compare to the premiums of every other crypto treasury company on the market. Keep in mind, they have a goal to buy up to a billion in the near future too Obviously anything can happen and this is a very risky play, but this is a super legit team running this at a time where $ETH is beginning to make a comeback I see a great opportunity here. Do with this information what you will. Also crypto media, please do better next time 🤦🏽  XXXXXX engagements  **Related Topics** [dump](/topic/dump) [stocks](/topic/stocks) [sec](/topic/sec) [$eth](/topic/$eth) [$sbet](/topic/$sbet) [sharplink](/topic/sharplink) [coins gambling](/topic/coins-gambling) [stocks crypto treasuries](/topic/stocks-crypto-treasuries) [Post Link](https://x.com/KyleReidhead/status/1933539541660373318)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Kyle Reidhead | Milk Road @KyleReidhead on x 14.4K followers
Created: 2025-06-13 14:58:44 UTC
$SBET (the Microstrategy of $ETH) tanked XX% over night!
Here’s why and where the opportunity is 👀
Last night, a few crypto news sites and KOLs shared an SEC filling and claimed the entire cap table sold XXX% of their shares (lol😅)
Obv this spooked investors and the stock went down XX% in after hours trading.
However, what these ppl missed is that they didn’t actually dump their shares. The filings just shows they COULD sell them at a certain time.
As mentioned here:
Which by the way, this is necessary to run a crypto corporate treasury playbook where you sometimes dilute shares to buy the asset (in this case $ETH)
See here:
A rational human who is aware of the situation would understand that @ethereumJoseph @Consensys and some of the largest funds in crypto would obviously not publicly dump on the space like that.
It would be reputational suicide and crush all of their companies. Come on crypto reporters 🤦🏽
Anyway, here’s where the opportunity is.
This morning, @SharpLinkGaming announced a purchase of $460m in $ETH, with a raise of another $XX million to buy more $ETH
It’s also now staking XX% of its $ETH earning approx $14million/year
After the XX% decrease, the valuation of $SBET is now $XXX million. Almost X to X with the amount of $ETH they hold after the incoming $79million
But remember, they have an operating business regardless of $ETH that generates revenue + the yield from their staked $ETH
So currently, this company is likely undervalued. Especially when you compare to the premiums of every other crypto treasury company on the market.
Keep in mind, they have a goal to buy up to a billion in the near future too
Obviously anything can happen and this is a very risky play, but this is a super legit team running this at a time where $ETH is beginning to make a comeback
I see a great opportunity here. Do with this information what you will.
Also crypto media, please do better next time 🤦🏽
XXXXXX engagements
Related Topics dump stocks sec $eth $sbet sharplink coins gambling stocks crypto treasuries