Inspired by Michael Saylor's Bitcoin strategy, Joseph Lubin stated that Ethereum (ETH) treasury companies could provide excess returns and investment opportunities for their Bitcoin (BTC) counterparts.
In an exclusive interview with Cointelegraph at the Token2049 conference in Singapore, the Ethereum co-founder elaborated on his argument that Ethereum's Digital Asset Treasury (DAT) offers better opportunities compared to the Bitcoin treasury movement promoted by Saylor's Strategy company.
"I would prefer to choose something that could have a greater impact. It is indeed as solid as Bitcoin, and I think due to its functionality and the organic demand for payment transactions and storage, it is even more solid," Lubin said.
The Ethereum co-founder has been actively advocating for ETH DAT since being appointed chairman of the ETH-based treasury company SharpLink Gaming.
The Nasdaq-listed iGaming company has purchased over $2 billion worth of Ethereum since adopting the treasury strategy in August.
Lubin acknowledged that his motivation to lead the ETH treasury company was inspired by Saylor and his financial engineering framework based on Bitcoin as a reserve asset.
"I was fortunate to have dinner with him in December and heard his reasons for doing this. Basically, it was to find better treasury capital assets for his company," Lubin said.
Lubin expressed optimism about Ethereum's mid-term prospects. He described the ecosystem as entering a "broadband moment" in 2025, with protocols becoming more scalable both horizontally and vertically, and an urgent need for cheaper, ample block space to utilize.
He added that Ethereum has expanded too quickly over the past 18 months, leaving a "block space surplus" with fundamentally not enough builders, applications, and transactions to fill the gap.
"I really think our ecosystem is in a slump. This is entirely due to price issues, as there is too much Ethereum and too much cheap block space," Lubin said.
The solution? Launch an ETH DAT campaign, actively acquiring the underlying tokens of the protocol and proactively staking and investing in Ethereum.
"We think we might be able to ignite a fire for the Ethereum ecosystem. This is working very well. We have several companies, and we are differentiating ourselves in exciting ways," he said.
The Ethereum DAT space is rapidly growing but is dominated by two key players: Lubin's SharpLink and Tom Lee's BitMine.
The latter is a true whale. Driven by Lee's strong bullish stance on Ethereum, the company has acquired 2.65 million ETH as of Wednesday. Its holdings are valued at $11 billion, far exceeding SharpLink's $3.69 billion worth of 839,636 ETH.
Lubin told Cointelegraph that he initially expected a sprint to accumulate ETH, but the situation changed since Lee publicly set a target to acquire 5% of Ethereum's total monetary base.
Lubin's long-term goal is to increase the concentration of Ethereum per share on a fully diluted basis while protecting equity prices. Subsequently, SharpLink will focus on continuing to generate returns from its staked Ethereum.
Lubin envisions a future where SharpLink uses its ETH for collateral lending, invests in Ethereum-centric companies, and stakes in supporting protocols.
The DAT campaign will become one of the meta-narratives of 2025. However, skeptics remain concerned about the systemic risks posed by treasury companies taking on significant debt to purchase protocol tokens.
Lubin downplayed any claims that DAT could lead to a catastrophic collapse while warning companies against over-leveraging.
Lubin anticipates that as ETH DAT purchases tighten supply-demand dynamics, ETH prices will rise.
"The financial industry is flooding into our ecosystem," he said. "Other businesses are also flooding into our ecosystem. This is our broadband moment. Everyone is seriously paying attention to what we are doing. We will not overreach."
Related: Ethereum Foundation announces the establishment of a "Privacy Cluster" team
Original article: “Consensys Founder: Ethereum (ETH) Digital Asset Treasury Will Be the Next Berkshire Hathaway”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
