This classic diagram of the "reflexive feedback loop" is presented. NAV only needs to be greater than 1 for SBET to start its "premium issuance" operation, using the largest trading volume to continuously issue stocks, obtaining the most funds to purchase ETH, driving its price up. The rise of ETH further enhances the company's market value and financing capability, allowing this cycle to continue. The infinite money printer + the concept of selling cheaper and cheaper has ushered in a new multi-fold stock — SBET.