news 
“We’ll Accumulate More Ethereum Than Any Project,” Says Joe Lubin
Ethereum co-founder and ConsenSys CEO Joe Lubin has made a bold statement regarding the cryptocurrency’s potential accumulation pace, stating that his project will accumulate more Ethereum than any other. This announcement comes amidst institutional adoption accelerating, with companies like SharpLink Gaming and BitMine Immersion building multi-billion dollar ETH treasuries.
Lubin’s new role as chairman of NASDAQ-listed company SharpLink Gaming highlights the shift in focus towards corporate treasury strategies. In a recent interview with Bloomberg, Lubin emphasized that Ethereum is no longer just a speculative asset or a platform for developers but an essential infrastructure for the future of finance.
“We believe that we’ll be able to accumulate more Ether per fully diluted share much faster than any other Ethereum-based project, or certainly faster than Bitcoin-based projects,” said Lubin during the interview.
The institutional adoption of Ethereum has gained significant momentum as public companies begin holding and staking their ETH assets. Notable examples include SharpLink Gaming, which now holds over 360,000 ETH worth approximately $1.3 billion, and BitMine Immersion, which accumulated an astonishing 566,776 ETH worth over $2.1 billion within a short period.
The significance of this development lies in the fact that these companies are not only holding but actively staking their ETH assets. This passive income-generating strategy differs fundamentally from Bitcoin’s approach, as it allows institutional investors to reap rewards and support the Ethereum network simultaneously.
While Lubin spearheads Ethereum’s corporate integration efforts, Vitalik Buterin, another co-founder of Ethereum, remains focused on strengthening the protocol’s technical foundation. By concentrating on scalability, decentralization, and mass adoption through upgrades like rollups and data sharding, Buterin ensures a solid base for Ethereum’s growth in finance.
The recent surge in cryptocurrency prices has sparked speculation about its potential for long-term gains. Lubin’s statement, however, serves as a strong testament to the growing importance of Ethereum in institutional portfolios.
Source: coinpedia.org
