
Phyrex|Jul 19, 2025 16:27
Teacher Bruce wrote about the process of SBET, which many friends have experienced with MSTR. It is not necessarily a good thing for these companies to buy a large amount of BTC or ETH. From an observer's perspective, they have indeed bought a large amount of cryptocurrency assets, which is beneficial for locking liquidity. However, for stock holders, where does the money for buying coins come from?
The initial plan of MSTR using ATM (issuing shares at market prices) brought pressure on stock prices. Now, SBET has adopted almost the same approach during this period, just as Mr. Bruce said, directly ATM $6 billion on July 17th. It can even be said that SBET is more aggressive than MSTR.
The previous SBET was very similar to the $540 MSTR, with a little bit of water control.
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