The latest announcement shows that several Ethereum micro-strategy investment companies are accelerating their pace of accumulating ETH. These companies are not only increasing their buying frequency significantly, but their average purchase price is also showing a rise. It is worth noting that the funding source behind these large-scale accumulation actions mainly comes from raising capital through stock issuance in the Secondary Market, which is actually borne by U.S. stock investors.

Among them, the latest developments of SBET Company are particularly noteworthy. The company's recent increase in holdings has pushed its ETH holdings to over 500,000 coins, placing it among the large holding institutions. To support this strategy, SBET issued 13.6 million shares in the stock market last week to raise the necessary funds.

This series of actions reflects institutional investors' confidence in the future development of Ethereum, while also revealing the increasingly close relationship between cryptocurrency investments and traditional financial markets. As more and more companies adopt similar strategies, we may see the mutual influence between the cryptocurrency market and the stock market further deepening.

However, this financing model also raises some considerations: How does it affect the company's financial structure? What is its impact on shareholder equity? In the long term, is this strategy sustainable? These questions are worth further attention and research from market participants and analysts.