SharpLink Gaming Chairman Joe Lubin and CEO Joseph Chalom defended their ether digital asset treasury strategy at Consensus Hong Kong 2026 as prices slump across the sector.
The executives said digital asset treasuries are evolving beyond speculative exposure into a distinct institutional strategy built around productive onchain capital.
“I’ve never seen more of a moment of differentiation where the actual macro tailwinds for Ethereum have never been better in its 10-and-a-half-year history,”
Said Chalom.
Chalom argued that recent price weakness reflects broader macro de-risking rather than structural deterioration, noting that liquid assets such as bitcoin and ether are often sold first during volatility.
Lubin emphasised ether’s yield-generating characteristics, stating that staking returns of roughly 3% position ETH as a productive asset with a risk-free rate dynamic.
SharpLink has staked nearly all its ether holdings and plans to continue accumulating and deploying capital into what Chalom described as “good institutional DeFi” focused on risk-adjusted yield rather than venture-style upside.
Lubin compared the evolution of blockchain adoption to the early internet era, predicting that companies will increasingly hold tokens on their balance sheets and require sophisticated onchain treasury infrastructure.
At the time of reporting, Ethereum price was $1,932.56.