Author: Ryan S. Gladwin, Andrew Hayward
Source: Decrypt
Translation and Compilation: BitpushNews
A mysterious person using the alias "SharpLink Whale" currently holds approximately $3 million worth of stocks in SharpLink Gaming, an Ethereum fund management company (stock code SBET). This former traditional finance professional is optimistic about the company but does not hold any Ethereum—nor does he intend to invest in similar companies.
The SharpLink Whale told Decrypt that he initially began purchasing SBET stocks at around $14 per share, during a time when market excitement about its Ethereum fund management plan was fading. This European trader initially bought nearly $1 million in stocks, and after multiple trading operations, his position has now reached $3 million (verified during a call with Decrypt).
He believes Ethereum is "about to experience a breakthrough moment" and will set a new historical high, with the ETH/BTC exchange rate potentially doubling this year. Nevertheless, apart from SBET stocks, he does not hold any Ethereum.
Why Not Directly Hold ETH?
The SharpLink Whale explained that first, he does not want to be responsible for securely storing large amounts of Ethereum, jokingly saying he fears the "motherboard might burn out from downloading too much pornographic content".
"Moreover, I want these ETH to generate returns, but I don't want to research what each protocol can offer," the whale told Decrypt. "I want someone to do this work for me. Obviously, I need to pay a premium... I'm happy to pay a premium to have the best companies in the industry host and operate my ETH."
[Rest of the translation continues in the same professional manner, maintaining the original structure and meaning while translating to English]
