"Should I sell Eth Stud Sbet?" 》
Today, ETH is in full swing. And Big Lion Brother has calculated that SBET's increase is 13 times that of ETH.
So, should you sell ETH stud sbet?
This question has been thinking about for 2 days.
Let's start with the story of BTC and MSTR.
From the history of BTC and Mstr,
This round of BTC has risen from 16,000 in November 22 to 120,000 on July 7, 25, an increase of 7.5 times
This round of MSTR has risen from 13 in January 23 to November 25, 24, to 5.4 million, an increase of 40 times
MSTR has risen from 3 billion, and the current market value of MSTR is 127.949 billion.
On July 14, 2025, MSTR reached 601,550 BTC, worth $72 billion, and currently has a market capitalization of $120 billion. The hoarded BTC accounts for 60% of the market capitalization.
So,
MSTR is more than 5 times higher than BTC
The MSTR pullback is also more violent than BTC itself
However, from the stage point of view,
MSTR launch coin BTC is 2 months late
Moreover, since November 24, BTC has doubled, while MSTR has fallen.
From the history of Eth and Sbet,
SBET soared from 3 to 124 in a few days at the end of May and the beginning of June 25, an increase of 40 times.
In the following days, he fell back to 9 knives from 124 and cut off his ankle. Then within 18 days, it was pulled 4 times.
What about eth during the period? From October 22 to now, from 1260 to 3600, less than 3 times.
On July 18, 2025, the value of ETH hoarded by SBET was 1 billion, accounting for 32% of its market capitalization.
Advantages of Sbet:
1. Hoarding ETH still has room to account for its own market value. This is the operating space.
2. At present, the company's market value is still low.
3. The company's ETH holdings account for only 0.2325%, which has a lot of room for growth.
Based on the above numbers, most people will come to the conclusion that they want to stud. Look down further.
Sbet's Questions:
1. Both SBET and MSTR are listed on Nasdaq, but SBET is listed on the Nasdaq Capital Market and MSTR is listed on the Nasdaq Global Select Market.
2. MSTR mainly relies on convertible bond financing, while SBET relies on diluted equity pipe financing. Pipe financing directly dilutes equity.
3. SBET is a junk stock operating in the shell, and once it fails, it may fall by 95% in a few days.
4. Sbet is not as good as Mstr in terms of market positioning, financial status, credit rating, market capitalization, business maturity and market recognition.
Sbet's fatal problem:
1. BitMine's ETH held in three days doubled, killing sbet. sbet is no longer a dragon 1, losing the position of a brother.
2. This shows that ETH's MSTR has not yet appeared and has not yet competed.
What happens if Sbet or Bitmine fail?
Look at Mara,
The price not only underperformed MSTR, but also far lost to BTC itself.
Silly brother don't say it, do you know that Mara is the listed company that holds the second most btc?
Therefore, for most people, a reasonable strategy:
1. The large position is placed on the ETH local currency.
2. Small positions go to leverage such as sbet/bitmine to bet on the leader.
3. Don't sell all the ETH, stud is a shell of hoarding ETH, that is gambling.
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