$SBET closed today at a market cap of $3.335B, with mNAV maintaining a high of 3.6 and strong trading volume. The #ETH micro-strategy's first vehicle has truly started moving, and at the same time, the price of $ETH has outperformed SOL/BNB/TRX for the third consecutive month. Generally speaking, such a trend doesn't stop for several months.
The holding ratio of SBET remains very low at only 0.2325%, which is less than 1/10 of MSTR, indicating significant potential. Moving forward, keep an eye on the actual financing capabilities of the vehicle each month.
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