Inspired by Michael Saylor’s Bitcoin Playbook, Joseph Lubin believes that Ethereum treasury companies can provide outsized returns to yield opportunities and investment in their Bitcoin counterparts.
Speaking exclusively on Cointelegraph at Token2049 in Singapore, the Ethereum co-founder did not unpack his thesis why Ether (Eth) Digital Asset Treasuries (DATS) shows more efficient opportunities in Bitcoin (Btc) Treasury Movement thanked by the Saylor Bitcoin approach.
“I would rather have something potentially with greater impact. It is definitely as solid as Bitcoin, and I will say more stable because of the function and the organic demand for it to pay for transactions and storage,” Lubin said.
https://www.youtube.com/watch?v=HAINLJ7RTSS
Ethereum’s co-founder is actively winning ETH DATS after he was appointed chairman of ETH-based Treasury company Sharpink Gaming.
The company listed in NASDAQ has bought more than $ 2 billion worth of Ether since adopting a Treasury approach in August.
Inspired by Michael Saylor
Lubin admitted that his Impetus to lead an ETH treasury company was inspired by Saylor and his financial construction in engineering, based on Bitcoin as a reserves owned.
“I’m fortunate to sit and have dinner with him in December and hear his justification of doing all that. It’s usually about finding better Treasury capital ownership for his company,” Lubin said.
“I talked to my colleagues immediately thought, clearly that Ether would be a better property of Treasury as it was a productive yield owner.”
Lubin presents a very optimistic perspective for the medium-term future of Ethereum. He described the ecosystem that hit its “Broadband Moment” in 2025, with a protocol that was more horizontal and vertically measured and weeping for the cheaper, rich block space to use.
Related: ‘The resistance for Ethereum’s soul, ‘a cointelegraph documentary
He added that the Ethereum has been rapidly -scale over the last 18 months, leaving a “glut of block space” with intentionally lacking builders, applications and transactions to fill the void.
“I really thought there were doldrums in our ecosystem. That’s about price because there are so many ether and super cheap block space,” Lubin said.
The solution? Start a movement of eth dats aggressively obtaining the underlying protocol token and active stake and invest ether.
“We thought maybe we could light a fire under the Ecosystem. And that worked hard. We have some companies and we differ ourselves in the eager ways,” he said.
Supply-demand dynamics to boost ether
The Ethereum DAT landscape is growing rapidly, but it is dominated by two significant players: the bitmine of the Sharpink of Lubin and Tom Lee.
The latter is the proverb whale. Lee’s Fervent Bull case for Ether, the company gained 2.65 million ETH on October 8. Its holders cost $ 11 billion, larger than 839,636 Eth Stack worth $ 3.69 billion.
Related: Sharplink Ether Holdings near $ 1B to the unlucky gains as Eth Surge
Lubin told Cointelegraph that he first expected a sprint to accumulate ETH, but it has changed since Lee changed a target to capture 5% of Ether’s total base.
“We didn’t think of a limit but we thought we couldn’t accumulate excess ETH, otherwise there would be a pushback from the ecosystem.”
The long -term goal for the lubin is to grow the concentration of ether per fully melted part while protecting the price of equity. Subsequently, the sharplink aims to continue achieving the yield in its staked ether.
Lubin thinks of a future where Sharpink borrows against its ETH, are investing in Ethereum-centric companies, and stakes in support of protocols.
“The real opportunity is to be Berkshire Hathaway of the next global economy, the more decentralized global economy.”
Weighing the risks
The DAT movement will decrease as one of the meta-sanratives of 2025. However, skeptics remain concerned about the systematic risks taken by Treasury companies by having a meaningful debt to buy protocol tokens.
Lubin played any conversation of a collapse of cataclysmic caused by dats, while guarding against companies that were overly discovered.
“The biggest risk is not doing this kind of thing because it’s a deep new construction.”
Lubin expects the price of ETH to grow as a supply-demand dynamics strictly, driven by the purchase of ETH DAT.
“The financial industry is in a hurry to our ecosystem,” he said. “Other businesses are rushing to our ecosystem. It’s our Broadband moment. Everybody pays serious attention to what we’re doing. We’re not going out on our skis.”
Magazine: Meet Ethereum and Polkadot co-founder who is out of time magazine
