SharpLink Chair Joe Lubin Aims To Be Ethereum’s Michael Saylor

SharpLink Gaming Chairman Joe Lubin wants to be for Ethereum what Michael Saylor is for Bitcoin, and seeks to buy Ethereum as fast as possible for shareholders.

“We believe that we’ll be able to accumulate more Ether — per fully diluted share — much faster than any other Ethereum-based project, or certainly faster than the Bitcoin-based projects,” he said during an interview with Bloomberg Television yesterday.

SharpLink Raising Capital Daily, Staking ETH Holdings

During the interview, Lubin said SharpLink is acquiring capital ”every single day” in an effort to grow its ETH reserves. 

On top of that, the company is also staking its existing holdings to earn yield and compound its position. 

SharpLink is currently the second-biggest Ethereum treasury company with its holdings of 360.8K ETH, according to data from StrategicETHReserve. The current leader is BitMine Immersion Technologies, with its reserves of 566.8K ETH, valued at over $2.16 billion at current prices.

Bitcoin is and always will be a special snowflake.

Satoshi released one of the most powerful inventions in human history into the world: decentralized trust. And Satoshi showed us how to mechanize and operationalize it. Dual Nobel Economics and Peace Prize level.

Over the… https://t.co/qMj0cuUXZp

— Joseph Lubin (@ethereumJoseph) July 25, 2025

SharpLink Looking At A Conservative Debt Financing Approach

The corporate crypto accumulation trend was pioneered by Strategy (formerly MicroStrategy). Over the years, co-founder Michael Saylor has opted to raise capital through debt financing and various convertible note offerings. 

That has enabled the company to build up a stockpile of 607,770 BTC, making it the largest public company to hold Bitcoin on its balance sheet. 

While SharpLink has managed to build its ETH reserves without leverage up until now, Lubin did say the company is actively looking into offering convertible notes, following in Strategy’s footsteps.

However, he said the company will keep “leverage very much in check,” adding that it will “remain prudent concerning risk levels.” 

Over time, Lubin is confident that shareholders would benefit. 

As SharpLink and BitMine continue to accumulate ETH, the recent corporate buying activity has helped boost the altcoin leader’s price. Ethereum’s price has soared over 56% in the last month, CoinMarketCap data shows. 

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