Joseph Lubin Floats Leverage Idea For Sharplink To Mirror Saylor’s Strategy

Paul
June 27, 2025
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Joseph Lubin Floats Leverage Idea For Sharplink To Mirror Saylor’s Strategy

Highlights

  • Joseph Lubin considers leveraging Sharplink's Ether treasury to mirror Saylor's Strategy.
  • Sharplink stock drops 69% after $425M Ether deal but Lubin stays optimistic.
  • Sharplink may pioneer Ethereum treasury leadership amid rising institutional crypto adoption trends.

Joe Lubin, co-founder of Ethereum, is weighing new financial strategies for Sharplink Gaming. The company recently transitioned into an Ether treasury firm. Lubin, who also leads Consensys, is considering bringing leverage into Sharplink’s operations.

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Lubin Downplays 69% Stock Drop After $425M Ether Deal

He shared the update during a recent Bloomberg Television interview. According to Lubin, options like convertible equity and long-term bonds are being evaluated. He emphasized the importance of not exposing Sharplink to high risk.

These steps are aimed at strengthening Sharplink’s Ether holdings without disrupting stability. Sharplink recently closed a $425 million private placement deal. The funding round was led by Consensys and used to acquire Ether. After the announcement, Sharplink’s stock soared.

But the excitement was short-lived. Following a registration of investor shares, the stock plunged 69%. Lubin called this drop routine and not a cause for concern. He explained that many investors were eager to join the round but missed the deadline.

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Lubin Cites Saylor’s Playbook as Inspiration for Sharplink’s Ether Bet

The idea of leveraging crypto treasury companies isn’t new. Michael Saylor of Strategy (formerly MicroStrategy) pioneered the concept by turning his firm into a Bitcoin proxy. His firm used leverage to buy large amounts of Bitcoin.

That move produced massive returns and caught the attention of both Wall Street and retail investors. Lubin credits Saylor’s example as inspiration for Sharplink’s Ether-focused pivot. He believes Ethereum has deeper long-term potential than Bitcoin.

While Bitcoin mainly acts as digital gold, Ethereum supports a wide ecosystem of apps and tools. However, Ethereum has struggled to match Bitcoin’s performance in 2025.

While Bitcoin is up 15% this year, Ether is down by 27%, despite a recent rebound. Lubin argues this is due to market confusion around Ethereum. He says Ethereum represents the next generation of internet infrastructure.

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Sharplink Eyes Leadership in Ether Treasury Strategies

Sharplink’s shift comes as more firms look to diversify using blockchain assets. Lubin’s potential move suggests a growing belief in Ethereum’s role in modern finance. This could make Sharplink become a key player in Ether-backed treasury strategies.

As Ethereum’s potential evolves, firms like Sharplink may lead a new phase in crypto-financial strategy. According to CoinGape data, Ethereum’s current price is $2,431.66, showing a 0.35% gain in the last 24 hours.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others. He holds a degree in Geophysics from OAU, Nigeria. When he's not writing, he loves watching soccer and reading educative journals. He can be reached via [email protected]
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.