SBET is the largest holding of the hedge fund Cycle Trading owned by the building owner, and it is also the leading stock company for ETH. The goal is to purchase 1 million Ethereum, having just raised 5 billion USD to continue buying ETH. The infinite bullets from Wall Street are terrifying.
Many people use mNAV to calculate the limit of SBET and compare it with the peak period of MST R, which is actually incorrect because it is reflexive. You need to divide the maximum value of the money it can raise by the current market value and then divide by the proportion of the new issuance to get the proportion by which the current price can rise.
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