Since they’re not (yet) able to raise convertible debt, both $SBET and $BMNR are turning to ATM offerings to quickly raise capital and accumulate as much $ETH as possible. But only one will come out on top in this race: $SBET. Why? simply because SharpLink has significantly higher average trading volume than BitMine. Average Trading Volume Week 29 SBET: $13.6B USD BMNR: $8.4B USD Today SBET: $2.2B BMNR: $1.1B With Average trading volume = exchanged shares × (open + high + low + close)/4) As you can see, $SBET had 60% more volume than $BMNR last week, and 100% more today. If the same trend continues over the coming weeks, and assuming both sales agents hit the ATM buttons with equal intensity, I expect $SBET to raise 1.6 to 2x more capital than $BMNR. That means more $ETH accumulated and at a lower average price. A game-changing advantage.
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