Lubin Backs ETH Treasuries to Boost Ecosystem Use
2025-07-09 14:06:19
Main Idea
Joseph Lubin advocates for ETH treasuries to drive Ethereum ecosystem growth, with SharpLink Gaming increasing its ETH holdings significantly, while ReserveOne plans a $1 billion SPAC merger to expand its crypto reserves.
Key Points
1. Joseph Lubin emphasizes ETH treasuries for Ethereum ecosystem growth and sustainability, noting their role in attracting institutional interest.
2. SharpLink Gaming increased its ETH holdings to 205,634 ETH ($533 million), causing a 28% stock price surge, and staked all its ETH, earning 322 ETH in rewards.
3. ReserveOne is set to go public via a $1 billion SPAC merger with M3-Brigade Acquisition V Corp., aiming to expand its crypto reserves including Bitcoin, Ethereum, and Solana.
4. Lubin criticized former SEC Chair Gary Gensler for discouraging token issuance but noted a more favorable stance under new SEC Chair Atkins.
5. SharpLink introduced a new metric, ETH Concentration, to highlight its Ether holdings and sold 280 Bitcoin to pivot its treasury toward Ethereum.
Description
Jubin believes ETH treasuries will help attract more institutional interest. Through SharpLink Gaming, which he chairs, Lubin is spearheading efforts to accumulate large amounts of ETH. He describes these treasuries as essential for creating scarcity and driving long-term value. SharpLink recently boosted its ETH holdings to over 205,000 tokens worth $533 million, which resulted in a 28% surge in its stock price. Meanwhile, ReserveOne is set to go public through a $1 billion SPAC merger to help ...
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