Ethereum Co-Founder: SharpLink Aims to Accumulate ETH Faster than Other Companies

By: theblockbeats.news|2025/07/29 06:42:15
0
Share
copy

BlockBeats News, July 29th, according to Cointelegraph, Ethereum co-founder and Consensys CEO Joe Lubin is one of the Ethereum Treasury Strategists at SharpLink Gaming. He hopes the company can accumulate Ethereum (ETH) for its shareholders as quickly as possible, sounding the "battle cry" in the corporate rush to become the top ETH accumulator.

Joe Lubin stated: "We believe that, on a per-share (fully-diluted) basis, our rate of accumulation of ETH will surpass that of any other Ethereum project, certainly faster than Bitcoin-related projects. SharpLink is accumulating funds 'daily' through a market-price-based issuance mechanism to expand its ETH reserves, while staking existing holdings to earn rewards and achieve compound growth."

SharpLink is competing with BitMine for the status of "Ethereum Treasury Premier Company." According to data from StrategicETHReserve, BitMine is currently in the lead, holding 566,800 ETH with a market value of approximately $2.13 billion, while SharpLink ranks second with 360,800 ETH valued at around $1.35 billion.

You may also like

After Forty Years of Sanctions, How Iran Is Rebooting Financial Channels Through Crypto

Under long-term high-intensity sanctions, Iran has gradually integrated cryptocurrency into its national financial system to circumvent sanctions, sustain its proxy network, and establish an alternative geopolitical financing pathway outside traditional finance.

North Korean Hackers Enjoy 'Fat Years': Stole Record Amount in 2025, With Money Laundering Cycle of About 45 Days

The cryptocurrency industry saw thefts exceeding $3.4 billion in 2025, with the Bybit attack in February alone resulting in a $1.5 billion loss.

What’s Driving Crypto Markets in Early 2026: Market Swings, AI Trading, and ETF Flows?

Imagine checking Bitcoin and Ethereum prices in a day — one minute up 5%, the next down 4%. Sharp moves, quick reversals, and sensitivity to macro signals marked the first week of 2026. After an early-year rally, both assets pulled back as markets recalibrated expectations around U.S. monetary policy and institutional flows. For traders — including those relying on AI or automated systems — this period offered a vivid reminder: abundant signals do not guarantee clarity. Staying disciplined in execution is often the real challenge.

Glassnode New Year Report: $95K Call Option Premium, Bulls Shift to Aggressive Offense

The market is gradually shifting from a predominantly defensive selling mode to a phase of selectively increasing risk exposure and rebuilding participation.

Base contributes 70% of revenue but pays only 2.5% in rent; Superchain may be entering its "forking" countdown

The balance of benefits and control between Superchain and Base has become severely skewed, with OP holders facing significant risks.

ZCash Team Split, Bank of America Upgrades Coinbase Rating, What's the Overseas Crypto Community Talking About Today?

What Has the Foreigner Been Most Concerned About in the Last 24 Hours?

Popular coins

Latest Crypto News

Read more