I don't exactly know what an Ethereum Strategic reserve is, but today Sharplink NASDAQ: SBET announced some
clarification over their ETH trasury plans.
Stock down 70%.
I guess this is a warning for every corporation willing to pump their share price by announcing silly Bitcoin Strategy Plans, without a clear rationale, implementation, and procedures, like Staregy has been building over the years.
Why settle for less when you have an opportunity to own the best.
I wanted to see how a treasury company would react in case of a huge dip and this just volunteered.
Imagine Bitcoin falls by 10% what would happen to their holding or stock.
I think is a bold step, but bold doesn't equal wise
Why settle for a coin that's at best a stable coin and worse with infinite supply
What are they being strategic about.