<div><h3>Topic Overview</h3><p> After its share price was halved a week ago, SharpLink (SBET) transferred $145 million USDC to Galaxy yesterday, which was generally interpreted by the market as a continued large increase in ETH holdings. Despite the company&#39;s frequent actions, SBET&#39;s share price and market sentiment remain sluggish, and the on-chain activity has increased but the capital inflow is limited.</p><h3> Drive logic</h3><p> SharpLink has recently attempted to rebuild market confidence and increase SBET valuations by purchasing large amounts of ETH, introducing BlackRock executives, and promoting asset chain integration. However, due to the pressure of previous performance, trust crisis, and lack of continuous endorsement from mainstream institutions, the market has reacted coldly to its transformation initiatives, and funds prefer mainstream assets and concept stocks.</p><h3> Strategic Recommendations</h3><p> It is not suitable for high-risk short-term investors to chase the rise of SBET. It is recommended to reduce positions when the price is high to avoid the risk of capital withdrawal. Medium- and long-term investors should give priority to mainstream projects with institutional endorsements and on-chain ecological advantages. It is not recommended to participate in SBET with heavy positions in the short term. The funds in the sector are rotating to mainstream assets such as ETH.</p><p style="margin-top: 20px; text-align: center; opacity: 0.4;"><small>AI-generated summary, not investment advice</small></p></div>

The stock price was halved in a week, and SharpLink spent 140 million to hoard ETH. It also invited BlackRock executives to join the company. What is SharpLink planning?