Citizens Bank has released a comprehensive rating for SharpLink Gaming (SBET), giving the company an “outperform market” rating.
According to Citizens analysts, this optimistic outlook is based on the long-term bullish outlook for Ethereum (ETH). The bank predicts that ETH could exceed $7,000 by 2026 and $20,000 by 2030.
The report argues that SharpLink is rapidly emerging as one of the most ambitious Ethereum treasury operators in the public markets. After accumulating significant amounts of ETH, the company aims to generate long-term value by channeling these assets into staking and other yield-generating strategies.
At the time of writing, Ethereum is trading at $3,943.
SharpLink stands out not by passively holding Bitcoin (BTC) or Ethereum, but by operating an active treasury management model. The company issues shares when trading at a premium to its net asset value (NAV) and buys back shares when trading at a discount.
*This is not investment advice.
