Head of Strategy & Ops @alluvialfinance; building @liquid_col prev web3 @Coinbase & Investment Banking @MUFGAmericas Los Angeles, CAJoined January 2021
Unfortunately I think this is why we didn't get a ETH Concentration update from $SBET today
With dilution and $590M undeployed cash, Concentration decreased ~8% WoW - which is SBET's northstar
Assuming cash gets deployed, pro-forma ETH Concentration is 4.14 or up 11.5% WoW
Updated $SBET dashboard coming tomorrow once ETH Concentration metrics are released
With two direct offerings < share price and heavy tapping of the ATMs last week, I'm looking for ETH Concentration growth > 10.0% WoW
Accelerate velocity = rate of ETH Concentration growth
Updated $SBET dashboard coming tomorrow once ETH Concentration metrics are released
With two direct offerings < share price and heavy tapping of the ATMs last week, I'm looking for ETH Concentration growth > 10.0% WoW
Accelerate velocity = rate of ETH Concentration growth
$SBET trades at 1.50x mNAV with an ETH Concentration of 3.66 (up from 2.46 on July 13th). Assuming they can grow ETH Concentration ~3.0% WoW through November, 80% - 110% upside seems like a base case
In 2022 we started building @liquid_col as the enterprise-grade liquid staking standard. There were many doubters and many eyebrows raised. Today the SEC issued formal liquid staking guidance. Congrats to everyone who's been part of the Collective
sec.gov/newsroom/speec…
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