[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.]  BuyTheDiplo [@BuyTheDiplo](/creator/twitter/BuyTheDiplo) on x 3205 followers Created: 2025-07-27 19:44:56 UTC $SBET $ETH $BMNR SharpLink $SBET – here’s how I’m framing the next leg ⸻ X | mNAV is the only anchor that matters After Friday-night wallet sleuthing showed a $XXX M USDC transfer to Galaxy Digital, SharpLink’s ETH stash is about XXX k ETH. Add the cash that wasn’t spent (~$151 M) and divide by the ~112 M shares now outstanding and you get a mark-to-NAV of roughly $16/share with ETH at $X XXX. ⸻ X | The ATM desk is the permanent ceiling SharpLink’s broker can unload up to XX % of average daily volume any day the stock trades above XXX × mNAV. With today’s numbers that rail is $25-26. It’s also why the price was locked at $XX on friday. They don’t hit pre-market; first VWAP slices usually surface 09:35 ET and walk the price back toward that rail over the next hour. ⸻ X | What a $XX gap really means A Monday pre-market print at $XX is only ~1.9 × NAV. History says the gap sticks until the first desk prints—then SBET bleeds 10-12 % and re-pins at $25-26 (depending on mNAV). If I’m trading, that’s my sell window (04:00-09:30), and my fade target. ⸻ X | How the new ETH blocks change the game Buying via Galaxy keeps the treasury growing without advertising giant prints on Coinbase. Every fresh 10-20 k ETH adds about $XXXX to NAV; but each million shares the desk issues subtracts almost the same. Net effect: NAV grinds up pennies, float grinds up millions—premium expansion is capped unless ETH explodes. ⸻ X | My working playbook Sell anything above XXX × NAV pre-open; size is trivial relative to pre-market volume. Fade with cheap 0-DTE puts when IV > XXX % and the open sticks > XXX ×. Re-accumulate close to the XXX × rail once the VWAP bleed is obvious. Hold a core only if ETH looks ready to settle weekly above $3850—otherwise I’d rather own spot ETH than fight dilution. ⸻ X | Bottom line SharpLink is still the cleanest ticker for ETH beta, but it’s now a slow-motion ATM machine. Ride the morning gaps, respect the XXX × sell wall, and remember: without a true ETH breakout, SBET’s upside is premium, and the broker keeps that valve half-closed. XXXXX engagements  **Related Topics** [bmnr](/topic/bmnr) [$16share](/topic/$16share) [stocks](/topic/stocks) [stash](/topic/stash) [anchor](/topic/anchor) [$eth](/topic/$eth) [$sbet](/topic/$sbet) [sharplink](/topic/sharplink) [Post Link](https://x.com/BuyTheDiplo/status/1949556630523109613)
[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.]
BuyTheDiplo @BuyTheDiplo on x 3205 followers
Created: 2025-07-27 19:44:56 UTC
$SBET $ETH $BMNR
SharpLink $SBET – here’s how I’m framing the next leg
⸻
X | mNAV is the only anchor that matters After Friday-night wallet sleuthing showed a $XXX M USDC transfer to Galaxy Digital, SharpLink’s ETH stash is about XXX k ETH. Add the cash that wasn’t spent (~$151 M) and divide by the ~112 M shares now outstanding and you get a mark-to-NAV of roughly $16/share with ETH at $X XXX.
⸻
X | The ATM desk is the permanent ceiling SharpLink’s broker can unload up to XX % of average daily volume any day the stock trades above XXX × mNAV. With today’s numbers that rail is $25-26. It’s also why the price was locked at $XX on friday. They don’t hit pre-market; first VWAP slices usually surface 09:35 ET and walk the price back toward that rail over the next hour.
⸻
X | What a $XX gap really means A Monday pre-market print at $XX is only ~1.9 × NAV. History says the gap sticks until the first desk prints—then SBET bleeds 10-12 % and re-pins at $25-26 (depending on mNAV). If I’m trading, that’s my sell window (04:00-09:30), and my fade target.
⸻
X | How the new ETH blocks change the game Buying via Galaxy keeps the treasury growing without advertising giant prints on Coinbase. Every fresh 10-20 k ETH adds about $XXXX to NAV; but each million shares the desk issues subtracts almost the same. Net effect: NAV grinds up pennies, float grinds up millions—premium expansion is capped unless ETH explodes.
⸻
X | My working playbook Sell anything above XXX × NAV pre-open; size is trivial relative to pre-market volume. Fade with cheap 0-DTE puts when IV > XXX % and the open sticks > XXX ×. Re-accumulate close to the XXX × rail once the VWAP bleed is obvious. Hold a core only if ETH looks ready to settle weekly above $3850—otherwise I’d rather own spot ETH than fight dilution.
⸻
X | Bottom line SharpLink is still the cleanest ticker for ETH beta, but it’s now a slow-motion ATM machine. Ride the morning gaps, respect the XXX × sell wall, and remember: without a true ETH breakout, SBET’s upside is premium, and the broker keeps that valve half-closed.
XXXXX engagements
Related Topics bmnr $16share stocks stash anchor $eth $sbet sharplink