[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.]  Hanzo ㊗️ [@DeFi_Hanzo](/creator/twitter/DeFi_Hanzo) on x 143.1K followers Created: 2025-07-17 12:41:56 UTC Today, $ETH is worth $16,700, but not for you Here’s what’s going on: Consensys, Electric Capital, Parafi, and Galaxy Digital quietly built something like a MicroStrategy for ETH. But instead of talking about it publicly, they used a small public company called Sharplink Gaming. The plan is simple, but smart: – They put in $XXX million to buy shares of this company at $XXXX each – On May 27, they sent ETH to the company, priced at around $XXXXX per coin – The company now looks like it holds Ethereum and trades on Nasdaq – The share price goes up, more shares are issued, more ETH is bought – The stock is now trading at $XXXXX That means ETH put on the balance sheet at $XXXXX is now reflected in stock value as if it’s worth $XXXXXX per coin. Instead of waiting for an ETF or market demand, they created their own structure, private ETH wrapped in a public stock. It’s legal, clever, and looks nothing like a crypto dump chart. It’s also a reminder: open on-chain activity can be hidden behind closed company doors. While retail avoids buying altcoins that crash every week, insiders find new ways to extract huge value. This move will likely work until the next bear market, just like GBTC once did. And once again, it won’t be retail that gets the best price.  XXXXXX engagements  **Related Topics** [not for](/topic/not-for) [stocks](/topic/stocks) [gaming](/topic/gaming) [$eth](/topic/$eth) [ethereum](/topic/ethereum) [coins layer 1](/topic/coins-layer-1) [galaxy digital](/topic/galaxy-digital) [stocks financial services](/topic/stocks-financial-services) [Post Link](https://x.com/DeFi_Hanzo/status/1945826302751052062)
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Hanzo ㊗️ @DeFi_Hanzo on x 143.1K followers
Created: 2025-07-17 12:41:56 UTC
Today, $ETH is worth $16,700, but not for you
Here’s what’s going on:
Consensys, Electric Capital, Parafi, and Galaxy Digital quietly built something like a MicroStrategy for ETH.
But instead of talking about it publicly, they used a small public company called Sharplink Gaming.
The plan is simple, but smart:
– They put in $XXX million to buy shares of this company at $XXXX each – On May 27, they sent ETH to the company, priced at around $XXXXX per coin – The company now looks like it holds Ethereum and trades on Nasdaq – The share price goes up, more shares are issued, more ETH is bought – The stock is now trading at $XXXXX
That means ETH put on the balance sheet at $XXXXX is now reflected in stock value as if it’s worth $XXXXXX per coin.
Instead of waiting for an ETF or market demand, they created their own structure, private ETH wrapped in a public stock.
It’s legal, clever, and looks nothing like a crypto dump chart.
It’s also a reminder: open on-chain activity can be hidden behind closed company doors.
While retail avoids buying altcoins that crash every week, insiders find new ways to extract huge value.
This move will likely work until the next bear market, just like GBTC once did.
And once again, it won’t be retail that gets the best price.
XXXXXX engagements
Related Topics not for stocks gaming $eth ethereum coins layer 1 galaxy digital stocks financial services