Satis

[Satis @SatisWang]

@Micro2Macr0 @Bmorr_jr They should issue more BMNP to buy ETH when the stock is at around 1x mNAV.

[Satis @SatisWang]

@jiahanjimliu NVIDIA’ 500B financing partnership is also good news for IREN. Hopefully SW1 would be the flagship for both DSX buildout and 500B financing.

[Satis @SatisWang]

As a $STRC investor, I like it. I guess a $MSTR investor may hate it. In the long run, we are on the same boat. In the short run, the board choosed to priorize the interest of preferred-share holders over that of common-share holders.

[Michael Saylor @saylor]

Strategy announces a Digital Credit Capital Framework designed to strengthen Digital Credit, enhance liquidity, preserve long-term Bitcoin exposure, and support long-term value creation. $MSTR $STRC https://t.co/AUoUCtem53

[Satis @SatisWang]

$BMNR The investor can arbitrage the IV diff by getting the warrants and shorting a similar call option. For BMNR, it lowers the financing costs by selling volatility for the first time, which further distinguishes it from other ETH DATs. I bought at $55 and sold $50 put. (2/2)

[Satis @SatisWang]

$BMNR A few people claims the recent BMNR direct offering a bad deal, as they use option-implied IV to evaluate the warrants attached in the deal. But I think that calculation is misleading, because the firm cannot access the option market. It is actually a win-win deal. (1/2)

[Satis @SatisWang]

$BMNR A few people claims the recent BMNR direct offering a bad deal, as they use option-implied IV to evaluate the warrants attached in the deal. But I think that calculation is misleading, because the firm cannot access the option market. It is actually a win-win deal. (1/2)

[Satis @SatisWang]

@DavidFBailey Boss, we need some good news such as merge progress and share buyback to boost confidence.

[Satis @SatisWang]

@DavidFBailey Regarding the recent announcement of the redemption of convertibles, how much has already been converted into shares and how much is left there for us to redeem? Do we have enough cash to redeem? Thanks.

[Satis @SatisWang]

@BigMacAttacker @sharplink that dashboard is based on weekly reports, the latest of which is the week ending in August 31. So last week's data still unknown.

[Satis @SatisWang]

After writing the post, I realize SBET may delay its announcement, just as how it did for the earnings announcement, so it can disclose more details about the benefit of staking in Linea right after Linea TGE. This means more good news to come later this week. @joechalom $SBET

[Satis @SatisWang]

@sharplink Will there be another update about ETH purchased and earned through staking? I am fine with no purchase this past week, but I just want to know the staking reward. Also, how much to stake in Linea and how high the excess staking reward is?

[Satis @SatisWang]

@sharplink Thanks for the confirmation. Please also buy back your shares with staking rewards whenever trading below NAV!

[Satis @SatisWang]

$SBET I think SBET can sell its staking-earned ETH and use that proceeds to do buyback every week until mNAV above 1. This type of buyback reminds people that ETH generates ~3% risk-free annualized yield (and potentially more if taking more risk). @joechalom @ethereumJoseph

[Satis @SatisWang]

@sharplink count it as a share-buyback alert.

[Satis @SatisWang]

I am re-entering $SBET again at 15.5. Plan to add more down the road. Having a 3.3% annualized staking yield during the past week means something more than native staking is at work. Trading below mNAV means a potential buyback annoucement next week.

[Satis @SatisWang]

@RaberTrades can't agree more. TA-wise, ETHZ's chart looks similar to SBET's in June, which fueled a 4X rally in July. FA-wise, ETHZ held more than 200 million cash, plus another 150 million from warrants, so need to dilute but still have the dry powder to buy ETH before its next rally.

[Satis @SatisWang]

@virtualbacon eth 6k first, and when btc gets to around 150k, eth will be around 8k-10k, and that ends the bull cycle.

[Satis @SatisWang]

$BTCS People buy DAT companies because they (institutions and foreign retailsmpa) can't buy ETH or ETHA directly or they want the ability to growth ETH per share. And now BTCS is sending ETH back as dividends? Totally against the reasons why investors hold it in the first place.

[Satis @SatisWang]

Now its clear that Joe builds SBET to providing liquidity to the development of LINEA. But it is less certain whether and how much SBET can benefit from its contribution to LINEA (earn risk-adjusted return above native staking). Hopefully we end up with a win-win situation.

[Signal & Scale 🕸️ @SignalScale]

$SBET An Analysis of SharpLink and the Linea L2 Ecosystem: Valuing a Crypto-Equity Symbiosis 🧵👇

The execution of SharpLink's ETH treasury strategy has been fueled by an aggressive and sophisticated capital formation campaign.

Since initiating the pivot in mid-2025, the company has raised over $2.6B through a combination of private investment in public equity (PIPE), At-The-Market (ATM), and Registered Direct offerings. 🫡

[Satis @SatisWang]

$SBET has the potential to enhance yield due to its connection with Consensys. Yet $BMNR has better investor visibility and faster accumulation speed. The real question is whose advantage would dominate? SBET's in the long run, but BMNR in the short run. So, invest accordingly.

[Satis @SatisWang]

$SBET has the potential to enhance yield due to its connection with Consensys. Yet $BMNR has better investor visibility and faster accumulation speed. The real question is whose advantage would dominate? SBET's in the long run, but BMNR in the short run. So, invest accordingly.