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

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.

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.

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.

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.