Arkham is reporting that Sharplink (SBET) is holding $1.67B worth of ETH (~430,000 ETH)
With a current market cap of $2.09B, that would indicate it's trading at ~1.25x NAV
Which is about as low as it's been lately
With that said, they may have sold new shares not accounted for in the current market cap figure

SHARPLINK GAMING NOW HAS $1.7 BILLION USD OF ETH
SharpLink Gaming ETH holdings have risen to $1.67 Billion as of last night, when the team acquired an additional $295M of ETH.
Will SBET become the MSTR of ETH?

Arkham

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A popular crypto analyst on X sees ETH reaching $8,000 to $13,000 in Q4; meanwhile, SharpLink Gaming adds $295 million worth of ether to its treasury.