Explain why it is said that the net is being closed. SBET holds over 310,000 coins, worth more than 1 billion USD, but most of these holdings are just being shuffled from one hand to the other, with a small portion purchased from the market. Holding 1 billion USD worth of ETH cannot dominate the crypto market. So SBET has taken a different approach, using 1 billion USD to leverage a market cap of 400 billion for ETH. Recently, many people have started to claim that ETH has risen due to value discovery, but the relationship is not significant; it is not an improvement in fundamentals, but rather that a consortium has discovered a way to print money. Let me explain this to you in detail. 1. Buy a shell company in the US stock market, inject 1 billion USD into the publicly listed company, and dilute existing shareholders through a secondary offering. They control 90% of the circulating shares, then say, look, my company's net assets are now equal to the ETH I hold, why don't you buy in? 2. In the crypto market, they say that US-listed companies are starting to accumulate ETH, and the company still has cash and will continue to purchase tens of billions of USD from the market, so ETH is bound to skyrocket. 3. When ETH rises, it becomes easier to raise funds through issuing junk bonds in the US stock market, raising a few hundred million USD, all used to buy ETH. In the end, not only do they gain a company worth tens of billions of USD, but they also hold tens of billions of USD in ETH. With SBET's current market cap being only around 3 billion, they still want to issue more shares to raise 5 billion USD. After deducting liabilities, they could net tens of billions of USD in just a few months? Faster than Trump's money printer! Raising funds through junk bonds is even more than raising funds through US stock listings, which is absurd. It is similar to the previous SPAC shell company hype, and it will eventually be called to a halt by regulators. If that happens, the stock could face a drop of 50%-70%, and ETH might also drop back to its original point, falling by 30%. I don't know how long this market irrationality will last, but these are things you need to understand clearly before participating. This is neither a new model nor a perpetual motion machine.