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👑 ETH microstrategy moment begins💥 Ethereum Foundation is overtaken by @SharpLinkGaming!
The Ethereum Foundation, which previously held the largest position on the chain, was dethroned by @SharpLinkGaming!
🤔 Why is @SharpLinkGaming buying heavily into $ETH?
🔹 @ethereumJoseph, Chairman of @SharpLinkGaming , also happens to be the co-founder of Ethereum!
🔹 With this relationship, @SharpLinkGaming will be able to buy in large quantities at a relatively cheap price through OTC$ETH
On July 11, the Ethereum Foundation also announced that it had completed a sale of 10,000 ETH through OTC, and the buyer was Sharplink, with an average price of 2,572
🌟 The purchased lsETH is an interest-bearing asset! All the Ethereum held by SharpLink is staked (or re-staked). Firstly, this is a stake operation through the DeFi protocol. Secondly, it can maintain token liquidity while staking, and can get liquid staked tokens (lsETH) to perform more DeFi operations.
By checking Sharplink’s address through @arkham, we can see that he converted ETH into lsETH to earn staking rewards. As of last night, Sharplink has earned more than 415 ETH
👇 $ETH How will the big bull @ethereumJoseph sound the clarion call for a counterattack

DeFi Dad ⟠ defidad.eth
@DeFi_Dad
07-14
Imagine you have a time machine to go back to invest in MSTR knowing Saylor's playbook.
That's playing out now with ETH pubcos like @SharpLinkGaming but instead of $126B mcap, $SBET is only a $1.8B mcap with 215k ETH (2.7x mNAV), rapidly buying ETH with ATM sales.
It is early.


Ethereum reserve situation can be referenced at the following website
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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