Ethereum co-founder and ConsenSys CEO Joseph Lubin says SharpLink, a firm with ties to Ethereum’s core ecosystem, could grow faster than other Ether treasury companies.
In a recent interview on Nasdaq, Lubin, who is also the chairman of SharpLink, stated that the firm benefits from the backing of the Ethereum company. He expressed support for other firms in the Ether treasury space but predicted that SharpLink would surpass them in growth and performance within a short time.
Lubin described how SharpLink benefits from positive feedback loops between ConsenSys products, advanced staking services, and experienced professional asset managers.
He explained that this integration strengthens the company’s position in the decentralized finance investment sector, adding that its expertise in staking and asset management makes it a strong option for investors seeking exposure to such firms.
$100 Trillion Tokenized Asset Opportunity
Speaking further on the firm’s Ethereum treasury, SharpLink Co-CEO Joseph Chalom also outlined a broader market vision for Ethereum, predicting that tokenized assets, including stablecoins, traditional funds, and real-world assets, will grow into a $100 trillion market.
Chalom said such assets will require a programmable, decentralized, neutral, and always-available ecosystem, which he believes could be Ethereum.
He noted that this could significantly accelerate Ethereum’s adoption. Chalom said Sharplink’s mission is to drive adoption, build awareness, and aggressively accumulate ETH for the benefit of its shareholders.
Notably, Sharplink raised $200 million in a direct offering at $19.50 per share to expand its Ethereum treasury earlier this month. Closing on August 8, the deal involved A.G.P./Alliance Global Partners, Société Générale, and Cantor Fitzgerald. Chalom said the funding supports its strategy to accumulate, stake, and grow ETH-per-share.
Ethereum Treasury Competitive Landscape
According to data from CoinGecko, Sharplink holds 598,800 ETH, valued at roughly $2.79 billion. This accounts for about 0.496% of Ethereum’s total supply. Only Bitmine Immersion Technologies holds more, with 1.15 million ETH worth approximately $5.36 billion.
Other significant public holders include Bit Digital with 120,306 ETH and ETHZilla with 82,186 ETH. Collectively, 19 publicly traded companies hold 2.27 million ETH, about $10.58 billion, representing 1.88% of the total supply.
Ethereum is the Biggest Macro Trade of the Next Decade
In a similar development, Bitmine’s chairman, Tom Lee, called Ethereum the “biggest macro trade” of the next 10–15 years. He predicted that the second-largest token could hit $15,000 once it clears its all-time high. He also referred to Wall Street’s adoption, JP Morgan, Coinbase, and Robinhood building L2s on Ethereum, along with stablecoins becoming crypto’s “ChatGPT moment.”
Lee noted that most stablecoins domicile on Ethereum, which offers smart contract capabilities Bitcoin lacks, making it the preferred compliant blockchain for institutional use.
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