Co-founder of Ethereum and chairman of SharpLink Joseph Lubin says that accumulating ETH in treasuries could potentially be more valuable than companies doing the same thing with Bitcoin (BTC).

In a new interview with Bloomberg, the chairman of the ETH Treasury firm says that SharpLink is mimicking some of the accumulation practices of Michael Saylor’s Strategy.

“Well, Michael Saylor’s done a brilliant job with his particular implementation of the strategy. Being able to do some of the same things – and many other things – using Ether is actually much more powerful, because Ether is a productive and yielding asset.

So, we’ve been accumulating capital in various ways every single day. We’ve been instantly turning it into Ether and instantly staking it – or restaking it while taking advantage of decentralized finance yielding capabilities. This allows us to take our Ether and grow it directly.

We believe we’ll be able to accumulate more Ether per fully diluted share much faster than any other Ethereum-based project—or certainly faster than the Bitcoin-based projects.”

Beyond that, Lubin says that SharpLink is continuing to accumulate ETH almost daily with the available capital it produces.

“Well, we’re doing our best to accumulate capital every single day through ATM facilities, as well as using other mechanisms for earning yield every day on our existing Ether. And nearly every day, we’re buying more Ether and staking it immediately.”

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shuttertock/sdecoret

The post Billionaire Joseph Lubin Says Ethereum Treasury Companies Can Be ‘More Powerful’ Than Bitcoin Treasuries – Here’s Why appeared first on The Daily Hodl.

Co-founder of Ethereum and chairman of SharpLink Joseph Lubin says that accumulating ETH in treasuries could potentially be more valuable than companies doing the same thing with Bitcoin (BTC).

In a new interview with Bloomberg, the chairman of the ETH Treasury firm says that SharpLink is mimicking some of the accumulation practices of Michael Saylor’s Strategy.

“Well, Michael Saylor’s done a brilliant job with his particular implementation of the strategy. Being able to do some of the same things – and many other things – using Ether is actually much more powerful, because Ether is a productive and yielding asset.

So, we’ve been accumulating capital in various ways every single day. We’ve been instantly turning it into Ether and instantly staking it – or restaking it while taking advantage of decentralized finance yielding capabilities. This allows us to take our Ether and grow it directly.

We believe we’ll be able to accumulate more Ether per fully diluted share much faster than any other Ethereum-based project—or certainly faster than the Bitcoin-based projects.”

Beyond that, Lubin says that SharpLink is continuing to accumulate ETH almost daily with the available capital it produces.

“Well, we’re doing our best to accumulate capital every single day through ATM facilities, as well as using other mechanisms for earning yield every day on our existing Ether. And nearly every day, we’re buying more Ether and staking it immediately.”

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shuttertock/sdecoret

The post Billionaire Joseph Lubin Says Ethereum Treasury Companies Can Be ‘More Powerful’ Than Bitcoin Treasuries – Here’s Why appeared first on The Daily Hodl.