Sharplink CEO: Ethereum Treasury Firms Diverge from Strategy Model, Focus on Staking Rewards

KuCoinFlash

Release Time: 05/15/2026 00:27:15

Summary

Ethereum news highlights a shift in treasury strategies, as Sharplink CEO Joseph Chalom noted that firms are moving away from Michael Saylor’s model. They now prioritize staking rewards and simpler balance sheets over complex financing. Chalom said Ethereum’s returns from ETH holdings reduce the need for leverage. He warned that only a few firms will survive market downturns. He also mentioned BlackRock’s Larry Fink referring to Ethereum as a “tokenized toll road,” along with NYSE and Nasdaq’s plans for 24-hour trading and Bullish’s acquisition of Equiniti. These moves are pushing tokenized assets into traditional finance. Chalom expects Ethereum to diverge from Bitcoin as stablecoins, DeFi, and AI grow. Ethereum’s price today reflects ongoing market dynamics.

Odaily Planet Daily reports that Joseph Chalom, CEO of Sharplink, said that Ethereum treasury companies are gradually moving away from the Strategy and Michael Saylor model, focusing more on staking yields and streamlined balance sheets rather than complex financing structures.

Chalom believes that Ethereum treasury companies can generate returns simply by holding ETH, so there is no need to rely heavily on leverage. He also stated that only a small number of Ethereum treasury companies will survive during market downturns.

In addition, it cited BlackRock CEO Larry Fink’s previous view, describing Ethereum as a “tokenized toll road,” and noted that events such as the NYSE and Nasdaq advancing their 24-hour trading plans, DTCC exploring tokenized collateral, and Bullish’s acquisition of Equiniti will further drive tokenized assets into the traditional financial system.

Chalom expects that as stablecoins, tokenized assets, DeFi, and AI applications continue to expand, Ethereum will gradually diverge from Bitcoin’s development path. (The Block)

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