Ethereum DATs Set to Revolutionize Investments, Claims Joseph Lubin
Joseph Lubin, co-founder of Ethereum, asserts that digital asset treasuries will reshape the decentralized investment landscape, similar to Berkshire Hathaway's model.
Ethereum co-founder Joseph Lubin claims that digital asset treasuries (DATs) on the Ethereum platform will serve as a groundbreaking investment vehicle similar to Berkshire Hathaway in the decentralized economy. Reacting to the practices established by Michael Saylor, he emphasizes that ETH-based treasuries can deliver exceptional returns and investment prospects, especially compared to Bitcoin treasury strategies.
During an exclusive interview at Token2049 in Singapore, Lubin elaborated on his viewpoint regarding the advantages of ETH DATs, asserting their superiority over the Bitcoin treasury model popularized by Saylor. He stated,
“I’d much rather have something that potentially has more impact. It certainly is as solid as Bitcoin, and I would argue more solid because of the functionality and the organic demand for it to pay for transactions and storage.”
His enthusiasm for ETH DATs is further reflected in his new role as chairman of the ETH-based treasury company SharpLink Gaming, which has invested more than $2 billion in Ether (ETH) since its treasury strategy launch in August.
Lubin draws inspiration from Saylor’s approach, crediting a dinner with him as pivotal in shaping his vision for ETH treasury operations. He described his colleagues’ immediate realization that Ether would be a superior treasury asset, stating,
“I talked to my colleagues who immediately thought, it’s obvious that Ether would be a better treasury asset because it’s a productive yield-bearing asset.”
Looking ahead, Lubin envisions 2025 as a crucial year for Ethereum’s expansion, where the ecosystem could reach its tipping point with enhanced scalability and a demand for more economical block space. He remarked,
“The financial industry is rushing into our ecosystem. Other enterprises are rushing into our ecosystem. It’s our broadband moment.”
The conversation also touched upon the growing competition in the Ethereum DAT space, dominated by significant players like SharpLink and Tom Lee’s BitMine, with the latter’s holdings currently exceeding 2.65 million ETH, valued at around $11 billion. Lubin acknowledged that the growth trajectory for ETH treasuries must be balanced with prudent risk management to mitigate potential systemic threats.
