Fun-fact about SharpLink $SBET and Galaxy Digital $GLXY: Galaxy @galaxyhq has an asset management agreement with SharpLink to manage $SBET's ETH Treasury. The asset mgmt. agreement outlines a tiered 0.25% - 1.25% mgmt. fee as a % of AUM. The asset mgmt. agreement (as also confirmed by SharpLink's website) further provides for the staking of this ETH (with Galaxy using its own validators). Assuming: - 0.75% (mid-point of 0.25% - 1.25% range) asset mgmt. fee - 0.25% staking fee (10% commission on ETH's ~2.5% staking yield) Galaxy is set to earn 1%, annually, in high-margin fees, for the portion of $SBET's treasury Galaxy's manages. Galaxy likely will be responsible for 50% of the $SBET treasury given ParaFi also has an asset mgmt. agreement with $SBET. Let's say $SBET grows their treasury to $10B (and thus Galaxy manages half $5B). 1% annually on $5B is $50MM. $50MM of high-margin mgmt. fees. Asset managers typically trade for 20x+ their fee-related earnings. Using a discounted, 10x multiple (to account for the volatility in the underlying AUM), this revenue stream alone would be worth $500MM. Not too bad considering Galaxy's initial investment of $5MM (813,000 shares at $6.15) in $SBET.