Sharplink CEO: Ethereum Treasury Companies Diverge from Strategy Model, Focus More on Staking Yields

Odaily Odaily Planet Daily News Sharplink CEO Joseph Chalom stated that Ethereum treasury companies are gradually deviating from the model of Strategy and Michael Saylor, focusing more on staking yields and maintaining a clean balance sheet rather than relying on complex financing structures.

Chalom believes that Ethereum treasury companies can directly generate returns by holding ETH, thus there is no need to use excessive leverage. He also mentioned that only a few Ethereum treasury companies will be able to survive market downturns.

Furthermore, citing a previous statement by BlackRock CEO Larry Fink, he described Ethereum as a "tokenized toll road." He pointed out that events such as the NYSE and Nasdaq advancing 24-hour trading plans, DTCC exploring tokenized collateral, and Bullish's acquisition of Equiniti will all further drive tokenized assets into the traditional financial system.

Chalom predicts that as stablecoins, tokenized assets, DeFi, and AI applications continue to expand, Ethereum will gradually carve out a different development path from Bitcoin in the future. (The Block)