Sharplink plans to stake Ethereum on Linea but has not received a positive response from investors.

Golden Finance reports that analysts indicate that the stock dilution of Sharplink has caused concerns among investors, as the earnings from staking cannot easily compensate for their losses. Therefore, investors have responded lukewarmly to Sharplink's plan to stake Ether on Linea. After announcing the plan to stake ETH on Linea, Sharplink's (SBET) stock price fell by 11%, and it is currently trading at $15.73. 82.5% of users on the prediction market platform Myriad doubt whether the company can achieve its goal of 1 million ETH by September 16. Analysts say that issuing a large number of new shares to purchase Ethereum is diluting the stakes of existing investors, which significantly reduces the stock's appeal.