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![narrenschiffe2 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1403909954143023107.png) Ray [@narrenschiffe2](/creator/twitter/narrenschiffe2) on x XX followers
Created: 2025-07-17 11:58:01 UTC

@tloriato_ Agreed. But $SBET's MC is still sub-$5B — way below $STRAT ($128B, mNAV 1.97x) and $Metaplanet($6.18B, mNAV 3.24x). Early days, Metaplanet even hit over 5x mNAV. So yeah, 5x feels a bit frothy, but still within reach, considering its stage and ETH hype at the moment.


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945815247157125544/c:line.svg)

**Related Topics**
[$618b](/topic/$618b)
[$metaplanet](/topic/$metaplanet)
[$128b](/topic/$128b)
[$strat](/topic/$strat)
[$5b](/topic/$5b)
[$sbets](/topic/$sbets)
[$mtplf](/topic/$mtplf)
[stocks bitcoin treasuries](/topic/stocks-bitcoin-treasuries)

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