Sharplink CEO says ETH treasury firms are diverging from Strategy model as Ethereum’s tokenization role expands
The Block
Sharplink CEO Joseph Chalom argues that Ethereum treasury firms are prioritizing staking yields and simplified balance sheets over complex leveraged financial engineering.Summary
Sharplink CEO Joseph Chalom observes that Ethereum treasury companies are moving away from the leverage-heavy approach popularized by Strategy and Michael Saylor. Instead, these firms are focusing on staking income and maintaining simpler balance sheets to navigate market volatility. Chalom highlights Ethereum's growing utility as a foundation for stablecoins and tokenized assets—calling it the "toll road to tokenization"—and expects ether to eventually decouple from bitcoin as these ecosystem applications mature.
(Source：The Block)