We can see that companies can be as retarded as individuals to believe that it is a good idea to invest into a shitcoin such as ETH and to act as if such shitcoin has any reason to be valuable or even a good idea to hold any of it..
This is a worrying red flag about a company: adding ETH or any shitcoin to their treasury denotes their poor understanding of crypto and finance in general, trying to attract investors money, to the short term benefit of shareholders, rather than the long term value of the company.
Sharplink of other similar firms shall be avoided.
Its like they are seeking for problem that later on they might regret their decision for adding it. What will be worse on that decision especially if they experience defeat on the choices they made is they also have bad impression that Bitcoin is also bad since they might think its the same due to its risky nature.
See lots of companies are now joining to have ETH reserve and hopefully they won't regret their decision.
Bitcoin is already here and they better focus on it since this is more better rather than adding those alternative which also follow Bitcoin's movement.