Joseph Lubin talks about SharpLink: Raising funds every day to increase the position in ETH

Ethereum co-founder Joseph Lubin shared this morning why SharpLink uses Ethereum (ETH) as the core asset for its corporate reserve allocation.

SharpLink indicates that ETH is not only more suitable than BTC as a reserve asset for enterprises, but it can also be staked to participate in DeFi, bringing substantial returns to the company's assets.

BTC vs ETH: Which one should enterprises choose for their reserve strategy?

Since MicroStrategy ( Strategy ) launched its Bitcoin ( BTC ) corporate reserve strategy, many companies have followed suit. Now, there are also reserve companies in the Ether version, the most influential of which is the American online gaming company SharpLink Gaming. It stated that MicroStrategy founder Michael Saylor has indeed been very successful with the BTC reserve strategy, but ETH is the reserve asset with more potential. He pointed out:

"ETH itself is a productive asset that can generate returns. At SharpLink, we are constantly finding ways to raise more funds, then purchase more ETH, and subsequently stake it and participate in DeFi to earn returns."

He emphasized that this approach can quickly increase the amount of ETH held per share faster than BTC reserve companies, and this is not only happening at SharpLink; other companies such as Bitmine and Bit Digital also bought large amounts of ETH in July. They are buying every day, staking what they buy, and are considering issuing convertible bonds in the future.

Subsequently, Lubin stated that we will raise funds every day through the "At-the-Market Offering Facility" ( and other methods, and then use the funds to purchase ETH, which will be immediately staked to earn returns on the same day.

Regarding the use of leverage, Lubin candidly stated that there is currently no use of it at all, but in the future, he is considering introducing some leverage through convertible bonds. He declared that, in any case, the leverage strategy will be carried out steadily and will not be too aggressive.

I believe DeFi will experience explosive growth in the future, and BTC, ETH, and even other cryptocurrencies will rise significantly as a result. As long as they manage risk well, shareholders will naturally profit.

) Why is the acceptance of ETH relatively slow at the beginning?

Why did Ethereum gain the attention and adoption of enterprises so late? Lubin stated that BTC's positioning is "digital gold," which becomes quite important when the fiat currencies of various countries depreciate. However, the value of Ethereum has only gradually emerged in recent years. He pointed out: "The next Bitcoin is Ethereum."

He explained that Ethereum is not just an asset, but a decentralized trust mechanism that can program, make transparent, and automate transactions, contracts, protocols, and even relationships between people. He emphasized that this verifiable, low-cost structure that requires no intermediaries allows ETH to become a digital commodity with a high level of trust, which will fundamentally change the definition of trust and is expected to drive rapid development of the overall economy.

The relaxation of U.S. regulations will usher in a peak of profitability for the cryptocurrency industry.

Finally, the host asked: "Although BTC and cryptocurrencies have successively reached new highs, and the regulatory environment is relatively loose, is the overall industry really starting to make money?"

Lubin stated that, in fact, there are already quite a few enterprises and protocols within the Ethereum ecosystem that have demonstrated strong profitability, and the price of ETH has also clearly rebounded recently. Especially with the relaxation of regulations in the United States, this will trigger a wave of profit peaks.

He finally stated that as long as the on-chain projects have scalability, low transaction costs, good user experience, and regulatory support, the entire industry has the opportunity to achieve comprehensive profitability.