Sharplink's Lubin and Chalom make their case for ether DATs as prices plunge
Sharplink executives argue that ether should be treated as productive financial infrastructure, not just an investment, despite recent price drops.Summary
At Consensus Hong Kong 2026, Sharplink Gaming Chairman Joe Lubin and CEO Joseph Chalom advocated for viewing Ether (ETH) as productive financial infrastructure, even amid sharp market volatility that impacted companies like Sharplink, which had previously seen stock gains from an ETH treasury strategy. Chalom highlighted strong macro tailwinds for Ethereum, citing stablecoin growth and BlackRock's plans to tokenize $14 trillion, much of it on Ethereum. He differentiated their strategy from passive ETF exposure by emphasizing the deployment of permanent capital and making ETH productive through staking (yielding about 3%) and 'good institutional DeFi' to earn risk-adjusted returns. Lubin reinforced this by noting Ether's inherent yield, comparing the current shift to the early internet era where all companies eventually became internet companies, predicting that soon all companies will be blockchain companies utilizing on-chain treasury tools.
(Source：CoinDesk)