Odaily Planet Daily reported that Joe Lubin, co-founder of Ethereum and CEO of Consensys, said that he participated in planning SharpLink Gaming's Ethereum treasury strategy and hoped that the company could accumulate ETH for shareholders as quickly as possible, sounding the "battle horn" for companies to compete for the number one position in ETH reserves.

Joe Lubin said that SharpLink accumulates funds "every day" to expand its ETH reserves through a mechanism of issuing at market price, and pledges its holdings to obtain returns and achieve compound growth. He said: "We believe that on a per share basis (fully diluted), the speed at which we accumulate ETH will exceed any Ethereum project, or even Bitcoin-related projects."

Currently, SharpLink is competing with BitMine for the position of "No. 1 Ethereum Treasury Company". StrategicETHReserve data shows that BitMine currently holds 566,800 ETH (market value of approximately US$2.13 billion), temporarily ranking first; SharpLink ranks second with 360,800 ETH (market value of approximately US$1.35 billion). (Cointelegraph)