Okay, I am a math genius.
This means each $SBET is worth more than $6000 right now.
At SharpLink, we don’t just report how much ETH we hold
We also track how much ETH each share represents
We call this metric ETH Concentration, and it shows how much Ethereum backs every 1,000 shares of SBET
It’s calculated as:
Total ETH held ÷ 1,000 diluted shares outstanding
That includes all issued shares, options, warrants, and other convertible equity, giving investors a transparent picture of ETH-per-share
Since launching our ETH strategy on June 13, ETH Concentration has grown from ~2.00 to ~2.24, a 12% increase in just over a month
Why does it matter?
Because the more ETH per share, the more Ethereum-backed value each investor holds
The asset is $ETH, the ticker is $SBET
681
5
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.