Exclusive: Michael Saylor Pioneered Crypto Treasury Firms, But This Ethereum-Centric Company CEO Says Their Model Unlocks More Potential: Here’s Why


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Sharplink Gaming Inc. (NASDAQ:SBET) CEO Joseph Chalom recognized Michael Saylor’s role in setting benchmarks for publicly-listed cryptocurrency treasury companies.

Chalom, who is spearheading Sharplink’s Ethereum (CRYPTO: ETH)-centric operations, credits Saylor for demonstrating that a digital asset treasury firm can be “durable over multiple years.”

The top executive said that Saylor, at the helm of the world’s biggest Bitcoin treasury company, Strategy Inc. (NASDAQ:MSTR), showed how capital markets can be utilized to amplify exposure when you have “credibility and liquidity.”

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However, in the same breath, Chalom added that the approach taken by Sharplink is markedly different.

“Ethereum is a generational opportunity, and differs greatly from Bitcoin because it is a natively productive, programmable asset,” he stated.

Chalom argued that Ethereum’s “programmable nature” unlocks huge technological opportunities that are not possible with treasuries centered on other assets.

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Notably, Sharplink moved $170 million worth of ETH into yield‑generating strategies, including staking and restaking, on Linea, an Ethereum-based Layer 1 network. This forms part of their broader plan to allocate corporate treasury assets to decentralized finance and generate income, rather than keeping them idle on the balance sheet.

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Sharplink holds 865,797 ETH, worth nearly $2.5 billion, as of this writing, making it the second-biggest ETH treasury firm in the world. The firm has earned 11,614 ETH in staking rewards since launching its ETH-focused strategy on June 2, 2025.

Notably, Sharplink recorded an unrealized loss of $580.59 million on its ETH holdings.

Photo: Zakharchuk on Shutterstock





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