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$sbet- THE BEST PLAY FOR ETH BULLS, GENERATIONAL WEALTH IS AN OPTION HERE!
The Michael Saylor of ETH has finally arrived.
SharpLink Gaming, Inc. ($SBET) is a compelling play for WallStreetBets investors seeking high-risk, high-reward exposure to Ethereum (ETH).
@ethereumJoseph @SharpLinkGaming
Here’s my case:
Current stock price: $29.
Ranking in highest holdings of ETH - #2 (soon #1 and already above ETH foundation) -
Value Proposition: SBET is raising $5 billion to buy ETH, holding 280,706 ETH ($840M at $3,000/ETH) and purchasing ~14,931 ETH/day. They could complete their target by December 2025, owning ~1.67M ETH.
ETH Price Catalyst: when ETH hits $8,000 by year-end (bear case imo), SBET’s holdings would be worth $13.34 billion. With a market-to-net-asset-value (mNAV) of 2, SBET’s market cap could reach $26.68 billion, it’s currently at <$2b
Price Targets;
•Neutral: $133–$177/share (150M shares).
•Bullish: $666/share (50M shares, mNAV 2.5).
Why It Fits Wall Street : SBET offers crypto exposure without blockchain hassle, with potential for massive gains if ETH rallies. Volatility suits aggressive investors.
Risks: Share dilution from the $5 billion raise and ETH price volatility could lower returns (bear case: $62/share at ETH $5,000).
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