$WDC surge cycle has already run its course — this is a spot to stay cautious, not chase.
Short term trading
Stop - 467.3
Buy zone - 470~507
Sell zone -609.5~630.3
https://t.co/zMfzy2MOjK
The ASTER team seems a bit foolish.
If they had just announced a buyback and burn while keeping the airdrop amount as planned, the community would have cheered and it would’ve attracted more ppl.
But saying they’ll move the buyback funds to a wallet and use them for the airdrop instead just disappoints the community.
Big news from @sharplink as they announced the tokenization of $SBET shares on Ethereum.
It’s an exciting step for the space, and they’re doing it the right way, working with @SuperstateInc. Unlike models such as Ondo Finance, which provide economic exposure but not direct legal ownership, Superstate’s approach ensures the tokens are the shares themselves.
Back in 2023, BTCS was one of the first companies to tokenize its equity on Ethereum with our Series V Preferred Shares on Upstream. From my perspective, genuine equity tokenization must be native to the legal framework, built on transparency, and structured to deliver real investor protections and market integrity.
Here’s why I believe Superstate’s model is stronger than Ondo’s:
1️⃣ Real shares, not synthetic exposure: Superstate tokens represent real shares, while Ondo’s are backed by a patchwork of legal agreements leading to beneficial ownership, not real ownershop.
2️⃣ Direct registry: Every on-chain transfer with Superstate updates the official shareholder record, embedding governance and rights at the protocol level. Ondo’s structure perpetuates an already broken system.
3️⃣ Market integrity & compliance: Superstate’s regulation-first model prevents synthetic shares and illegal naked shorting, aligning tokenized equities with market integrity. Ondo’s approach compounds an already broken system by introducing further synthetic exposure and less transparency.
The future of tokenized equities is about reimagining ownership from the ground up. With Ethereum as the foundation, we can achieve true settlement finality, stronger compliance, and enhanced investor protections in our capital markets.
You don’t seem to understand Koreans, @ethereumJoseph@joechalom
They like big volatility. Even if you emphasize debt-free transparency, they don’t find it attractive for investment.
If it’s not an aggressive, debt-driven Ethereum purchase like BMNR, it’s probably a waste of time.
Could $SBET take on @MetaMask’s mUSD and move in the direction of becoming a stablecoin issuer, similar to $CRCL with the $ETH treasury? It may not be easy given the stakeholders, but @ethereumJoseph@joechalom do you see any way forward?
NEW: SharpLink repurchased 1,000,000 shares of $SBET, as part of our $1.5B buyback program.
Key highlights for the week ending Sept 14, 2025:
→ Total ETH holdings: 838,152 ETH valued at ~$3.86B
→ Staking rewards: 3,240 ETH since June 2 launch
→ ETH Concentration: 3.97, up 99% since June 2
→ Currently hold ~$3.86B in assets with zero debt
SharpLink’s total buybacks now stand at 1,938,450 $SBET shares to date.
When $SBET trades below NAV, buybacks become the most accretive path to growing ETH-per-share.
By expanding our ETH Concentration, we reinforce our commitment to align SharpLink, Ethereum, and our stockholders in creating long-term value.
The asset is $ETH, the ticker is $SBET.
@sharplink the following actions are necessary
Either swap the repurchased shares with Consensys or burn them.
Disclose a business roadmap that goes beyond simply having a crypto treasury.
NEW: SharpLink begins utilizing its $1.5B share buyback program, repurchasing ~1M shares of $SBET.
We believe our stock is significantly undervalued. Buying back stock at NAV < 1 is immediately accretive and compounds long-term stockholder value.
Key facts:
- $3.6B of $ETH on our balance sheet
- Nearly 100% of ETH is staked, generating revenue
- No current debt
- Company has never issued equity below 1x NAV
The asset is $ETH, the ticker is $SBET.
$SBET is finally moving.
The moment it stakes on the $LINEA network, $ETH is automatically staked with @LidoFinance while at the same time generating additional yield on LINEA. The total expected return is between 5–12%.
If @sharplink and @joechalom this more and share a roadmap on how they plan to further expand the business, it will create a clear distinction from other crypto treasuries, crush the short sellers, and restore investor confidence.
Even if the total $ETH supply drops, we can temporarily take profits on some ETH, buy back and burn our own shares to crush the short positions and trigger short covering. Then, after capturing the premium, we can do another offering and repurchase. This will effectively increase ETH concentration.
$SBET has become a target of short-selling hedge funds.
1. The company has no cash to buy back and burn its own shares.
2. With the ATM offering pushing the stock price down on its own, short-sellers are attacking at the same time. 3. Meanwhile, retail are beginning to cut their losses.
4. Since there is an alternative investment option, $BMNR, new inflows are limited.
If @joechalom and @ethereumJoseph bring a strategy to defeat the short, we could expect a sharp rise from short covering. But if they only keep shouting that $ETH is the best, they will ultimately lose to the short-sellers.
Even if the total supply of ETH decreases, to win the battle against short, you should take some profits by selling a portion of ETH, then buy back your own shares and proceed with a burn.
This way, the ETH concentration will increase, and short covering from the shorts will also follow.
I’m not whining, I want to talk about $SBET concentration strategy.
For their strategy to succeed, maintaining a high premium is essential.
Of course, the total amount of $ETH is important, but they also need to consider how to respond if short positions attack in order to increase concentration.
Right now, for the first time, NAV is below 1 with about a 15% discount. How @ethereumJoseph and @joechalom handles this is crucial for giving confidence to long-term $SBET investors like me and to institutions.
If they can’t even maintain NAV at 1, the reason to invest in $SBET disappears.
@sharplink needs to emphasize why people should invest in $SBET rather than $ETH and show their roadmap for the future.
$SBET should boost its $ETH concentration.
👇 Strategy 👇
If NAV < 1 - sell only staking yield, buy back & burn shares. and use ATM cash to buy back & burn shares.
@joechalom@ethereumJoseph must execute.
ETH concentration gets stronger.