Meet the Shift: Companies Embrace Ethereum’s Treasury Model
Main Idea
Public companies like SharpLink Gaming and BitMine Immersion are adopting Ethereum's treasury model, holding substantial amounts of ETH to strengthen their balance sheets and generate yield.
Key Points
1. SharpLink Gaming, chaired by Ethereum co-founder Joe Lubin, holds over 360,000 ETH valued at approximately $1.3 billion.
2. BitMine Immersion acquired 566,776 ETH worth around $2.1 billion, following the trend of companies leveraging Ethereum for treasury purposes.
3. Ethereum's price surged from $1,450 in April to $3,900 by July, contributing to the attractiveness of ETH holdings.
4. Companies are opting for yield-generating Ethereum over passive cryptocurrencies to enhance their financial strategies.
5. Lubin and Ethereum's technical foundation aim to maximize economic efficiency, centralizing ETH in corporate strategies.
Description
Lubin steers SharpLink to Ethereum treasury, enhancing pivotal enterprise strategies. Institutions favor Ethereum for its yield potential and emerging regulatory clarity. Continue Reading: Meet the Shift: Companies Embrace Ethereum’s Treasury Model The post Meet the Shift: Companies Embrace Ethereum’s Treasury Model appeared first on COINTURK NEWS .
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