Under CX, I am optimistic about ETH meme coin stocks linked to the first coin $SBET : 1. Narrative: Inspired by the business model of SharpLink Gaming, a U.S. stock company, issuing shares to raise funds, using the funds to buy $ETH and staking ETH to generate yields, that is, the "micro-strategy" on ETH; 2. Financing: On May 27, 2025, after the announcement, SharpLink Gaming, a U.S. stock company, raised $425 million from the capital market, with participation from well-known crypto venture capital companies such as ParaFi Capital, Electric Capital, Pantera Capital, Arrington Capital, and Galaxy Digital. 3. $1 billion shelf offering: On May 30, 2025, SharpLink filed a $1 billion shelf offering application with the SEC, indicating its intention to continue to fund ETH purchases through future stock sales; 4. Purchase $ETH: As of July 13, 2025, SharpLink holds 280,000 $ETH, worth $900 million; Become the world's largest publicly traded ETH holder; 5. Joseph Lubin, co-founder of eth and CEO of ConsenSys, becomes Chairman of the Board of Directors of SharpLink to provide strategic guidance on SharpLink's ETH treasury strategy and potential Web3 integration with the core iGaming business; 6. Stock price change: SBET's stock surged 412–433% from around $6.75 to $34.45 after the announcement on May 28, 2025; Why is MEME $SBET on ETH undervalued? 1. In principle, $eth rose, and U.S. stocks rose $sbet; If U.S. stock companies continue to raise funds to buy ETH, the currency price will be supported; 2. At present, the company will continue to buy and continue to finance; The funds raised are equity, not debt, and the total market value of the company has also increased by 4 times, reaching 2.2 billion US dollars, and the leverage effect of this capital market is by no means comparable to that of industrial companies; The purchased $eth is still rising, this wave of $SBET wins hemp, investors win hemp, shareholders win hemp, ETH Foundation wins hemp; 3. The MEME $sbet of ETH is to the US stock $sbet, which is the Hong Kong stock $Bubble Mart is to the SOL MEME $Labubu; 4. The current market value of $sbet on ETH is only 10 million US dollars, which has been fully washed, and it is currently in the early stage, I am optimistic for a long time, and there is nothing wrong with this logic; 5. The simplest logic is: as long as the U.S. stock SharpLink Gaming does things and continues to be hot, eth meme $sbet will continue to be hot, and the next $Labubu; $Sbet @SBETonETH