Sharplink Gaming CEO Praises Saylor's Influence on Crypto Treasuries
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: Benzinga
- Crypto Benchmark Setting: Sharplink Gaming CEO Joseph Chalom acknowledges Michael Saylor's role in establishing benchmarks for publicly-listed cryptocurrency treasury firms, indicating that Saylor's success provides significant industry reference points.
- Ethereum Strategic Advantage: Chalom emphasizes Ethereum's unique advantages as a programmable asset, noting its technological potential far exceeds that of other assets, as Sharplink allocates $170 million in ETH to yield-generating strategies aimed at asset appreciation through decentralized finance.
- Asset Holdings Scale: As of now, Sharplink holds 865,797 ETH valued at nearly $2.5 billion, making it the second-largest Ethereum treasury firm globally, showcasing its significant position in the crypto market.
- Poor Stock Performance: Since implementing its Ethereum strategy, Sharplink's stock has plummeted by 82%, closing down 0.31% on Friday, reflecting market concerns about its long-term performance despite ongoing efforts in yield generation.
Analyst Views on MSTR
Wall Street analysts forecast MSTR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MSTR is 453.17 USD with a low forecast of 229.00 USD and a high forecast of 705.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
12 Buy
2 Hold
0 Sell
Strong Buy
Current: 160.580
Low
229.00
Averages
453.17
High
705.00
Current: 160.580
Low
229.00
Averages
453.17
High
705.00
About MSTR
Strategy Inc., formerly MicroStrategy Incorporated, is a bitcoin treasury and business intelligence company. The Company provides cloud-native, artificial intelligence (AI)-powered enterprise analytics software to thousands of global customers. The Company’s Strategy ONE platform provides access to AI-powered workflows, unlimited data sources, cloud-native technologies, and performance to speed up time from data to action. Strategy One delivers visualization, reporting, and embedded analytics capabilities across retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications, and the public sector. Its Strategy Mosaic is a universal intelligence layer that provides enterprises with consistent definitions and governance across data sources, regardless of where that data resides or which tools access it. The Strategy Mosaic offers data clarity and connection by eliminating trade-offs between flexibility, control, and speed.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
