Quote from: philipma1957 on Today at 01:51:34 AM

Quote from: JayJuanGee on Today at 01:31:22 AM

Quote from: takuma sato on June 13, 2025, 06:28:00 PM

Quote from: fillippone on June 13, 2025, 06:00:29 PM

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.

They said it's a misunderstanding that got mixed up as insider trading. Looks like a big mess right now, but even then, they are up 100% compared to the $5 valuation before they started this Ethereum strategy. There is another company that has been stacking ETH for a longer time, BTBT, but these guys have a real AI business too. They say ETH stacking will be used as cashflows. I think BTBT is a legit company, but with this strategy playbook, a lot will try to do insider trading by buying call options and then announcing the strategy which would make them rich if they can get away with it.

I am not sure how the discussion of an Ethereum strategic reserve strategy contributes to the conversation, unless we want to be critical of it, and to suggest that there are companies that are distracted into a shitcoin while thinking that it is similar to bitcoin or even presuming them to be kinds of in the same class or complementary to each other and other nonsensical thoughts about supposed value of Ethereum when it is not really adding any value in regards to the various sound money attributions that bitcoin has.

it is an attack on btc etf’s

every dollar eth efts bleed fron btc etfs is an attack

I doubt that it is that important.

Sure, historically there has been a lot of money flowing into ethereum that likely would have had gone into bitcoin, yet it is what it is in terms of the ongoing presence of shitcoins and their ability to attract people to invest into them within the various talking points in regards to their being the next bitcoin, etc etc.

It is not like any of us can do anything to stop such shitcoin dynamics and even seemingly dumb money ongoingly going into shitcoin products.