Following the announcement to stake Ethereum on Linea, Sharplink’s shares fell by 11%, now priced at 15.73 USD. Prediction market users show skepticism over reaching the 1 million ETH goal by the set date due to current holdings.
Analysts suggest the aggressive issuance of new shares to fund ETH purchases raises dilution concerns among existing investors, reducing the attractiveness of Sharplink’s stocks. Despite significant investments, long-term yields from these digital holdings remain unappealing.
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