If ETH reaches $5,000, how much can SBET rise?

Author: EeeVee, BlockBeats

Over the past month, Ethereum (ETH) has surged from $2,100 to $3,000. During this rally, US companies and mining firms have announced purchasing ETH as their "strategic reserve", with some mining companies even selling all their BTC to buy ETH with cash. According to statistics, Ethereum strategic reserve companies have purchased over 545,000 ETH in the past month, with a total value exceeding $1.6 billion. SharpLink (SBET), the first company to adopt ETH as a strategic reserve, saw its stock price skyrocket from $3 to over $100 after announcing ETH purchases, then drop to single digits, and is currently trading above $20 again. Recently, SBET purchased nearly 50,000 ETH in just 5 days, with its total ETH holdings now surpassing the Ethereum Foundation. Additionally, SBET has staked some of its ETH on-chain to earn staking rewards, earning 322 ETH by July 8th. Currently, the main US companies with ETH as a "strategic reserve" are: - SharpLink Gaming (SBET) - BitMine Immersion Technologies (BMNR) - Bit Digital (BTBT) - Blockchain Technology Consensus Solutions (BTCS) - GameSquare (GAME) [The rest of the translation follows the same professional and accurate approach, maintaining the technical terminology and context of the original text.]