Assuming $SBET has deployed their $300M cash and has obtained over 600,000 $ETH
Their NAV would be ~$2.6B
If on Monday the stock trades at 1x mNAV, we will see it open at ~$26
1.5x mNAV would be ~$39
2x mNAV would be ~$52
There will be fireworks Monday morning 🔥
$SBET will own 2-5% of all $ETH soon.
$ETH is going to $1T.
$SBET will have $50B of $ETH on its book.
2x mNAV = $100B $SBET market cap.
Roughly a 50x from here.
>$1,000 $SBET
Don't overthink it.
The $SBET management team confirmed they will not issue ATM below 1x mNAV
This is so bullish
It guarantees that $SBET will trade at a multiple to $ETH
10% rise in $ETH = >10% rise in $SBET$ETH All Time high = ~$25 $SBET
I have opened up a $30,000 position on $SBET.
I firmly believe $SBET will overtake $MSTR as the world's largest crypto reserve company.
Not only can they play the Saylor Strategy playbook, they can use the power of DeFi to boost their return.
Currently, they have ~200,000 $ETH
$SBET will announce 1,000,000 $ETH on Tuesday
~$4,650,000,000 NAV
With an mNAV of 1x, $SBET will trade at $22.35
This is not including their $LINEA holdings
When $ETH breaks $5,000 we should see $25
You are not bullish enough 🔥
Your main aim should be to accumulate as much $SBET as humanly possible. It's leveraged $ETH.
The entire world economy will run on $ETH.
From Finance to AI.
Digital Oil? Nope.
It's called Ether for a reason. It's everywhere, all around us.
The currency of the universe 🌌
