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As long as Sharplink, an treasury company, sees its stock price rise, the game of purchasing continues. When the stock price increases, there is an opportunity to raise more funds to buy . As rises, the stock price also rises, making it easier to raise money to purchase .
Of course, no game can continue indefinitely. What if the stock price falls? Since Sharplink raises funds through stock issuance and private placement financing strategies, without involving leverage or borrowing, it will not trigger forced liquidation due to price declines.
While enjoying the ETH flywheel, don’t forget that Ethereum has been washing its hands for 4 years, from 4100 to 1400, completely leaving behind a lot of unsteady elements, which has led to a more efficient flywheel.
In the past four years, basically everyone who got off the bus has gotten off.
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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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