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The stock price trends of the two companies also confirm this divergence. During the August market, SBET's share price rose from $17 to $25, an overall increase of approximately 50%. BMNR's share price rose from $30 to $70, an increase of over 130%, significantly outperforming the former. As BMNR gradually gained recognition from mainstream investors and opinion leaders, the competitive landscape of ETH treasury companies has seen a clear shift in direction.