In this bull run, it’s not just about buying ETH — it’s about borrowing from the future.

When SBET dropped $413M to scoop up 280,706 ETH, they didn’t just take a position — they locked it all into staking.
That future yield? It’s already part of their upside today. The market’s pricing in every future ETH earned — that’s real leverage without liquidation risk.

With 415 ETH earned in 41 days and $257M more ready to deploy, this is conviction at scale.
Bull markets love narratives — and “ETH as a yield-bearing reserve asset” just got its loudest megaphone yet.