SharpLink’s Bold Pivot: Why Ethereum Just Beat Bitcoin for Treasury Dominance

SharpLink makes a power move—ditching Bitcoin for Ethereum in its corporate treasury strategy. The shift signals a deeper play into smart contract utility over pure store-of-value assets.

Ethereum's Edge: Programmable Money Wins

Unlike Bitcoin's static ledger, Ethereum offers DeFi integrations, staking yields, and tokenization capabilities. SharpLink isn't just holding crypto—it's deploying it. Treasury assets now work harder, generating returns beyond appreciation. That’s a stark contrast to Bitcoin’s ‘digital gold’ narrative, which—let’s be honest—sometimes feels more like ‘digital hope.’

Timing the Transition

The move comes as institutional adoption of Ethereum accelerates. SharpLink’s treasury team cited Ethereum’s mature ecosystem and rising institutional validators as key factors. They’re betting on utility, not just scarcity. Because in finance, you’d rather earn interest than just cross your fingers.

Finance’s Ironic Twist

Meanwhile, traditional CFOs still debate whether to add crypto to balance sheets. SharpLink just skipped the meeting and went straight to compounding. Sometimes the boldest move isn’t entering the market—it’s upgrading the asset. Even if it means leaving Bitcoin behind.

TLDR

• SharpLink has raised $425 million and holds 797,704 ETH in its treasury as of August 2025.
• CEO Joseph Chalom explains why SharpLink prioritizes Ethereum over Bitcoin for its treasury strategy.
• SharpLink aims to become the leading institutional gateway for Ether exposure.
• The company utilizes both custodial and liquid staking to generate yield from Ethereum.
• SharpLink emphasizes transparency by publishing weekly updates on capital raised and ETH holdings.

SharpLink, a prominent ethereum treasury company, has rapidly positioned itself as a key player in the market. In 2025, the company raised $425 million and expanded its leadership with Joseph Chalom, former BlackRock executive, as co-CEO. SharpLink’s treasury currently holds 797,704 ETH and nearly 1,800 ETH in staking rewards, making it one of the most aggressive investors in Ethereum.

Chalom shared SharpLink’s view that Ethereum (ETH) is the superior choice for treasury strategies. Unlike Bitcoin (BTC), which is primarily a store of value, ETH offers far more opportunities for growth and innovation. Chalom emphasized,

“Ethereum allows for many different types of applications to be built on it, positioning it as the future platform of financial interest.”

SharpLink aims to be the definitive institutional gateway to Ether exposure. By focusing solely on Ethereum, the company believes it can build a transparent, long-term strategy for its investors.

SharpLink Bets on Ethereum for Future Growth

SharpLink’s focus on Ethereum stems from its unique capabilities, specifically its programmability. According to Chalom, “Ethereum is more than a digital asset; it’s an infrastructure.” While Bitcoin moves value from one point to another, Ethereum allows for the creation of decentralized applications. Chalom believes this flexibility gives Ethereum a far more valuable role in the future financial ecosystem.

SharpLink’s strategy revolves around institutional trust and transparency. The company publishes weekly updates detailing its ETH holdings and staking rewards. By focusing on ETH, SharpLink aims to provide a clear and reliable way for investors to gain exposure to Ethereum’s potential growth. Chalom stated,

“The long-term opportunity with Ethereum is what we are betting on, not short-term trades.”

Staking, DeFi, and Risk Management in SharpLink’s Model

As a key part of its treasury strategy, SharpLink is committed to ETH staking. Ethereum’s ability to generate yield through staking has proven to be a key advantage. Chalom explained that SharpLink uses both native custodial staking and liquid staking tokens to maximize returns. The company plans to diversify its staking strategies, including restaking and leveraging DeFi yield.

Chalom added,

“The number one responsibility of an Ethereum treasury is to protect the principal, ensuring no undue risks are taken.”

This cautious approach is part of SharpLink’s broader strategy to manage volatility. The company aims to provide a risk-managed, institutional approach to staking, which differentiates it from other competitors in the Ethereum treasury market.

In conclusion, SharpLink’s focus on Ethereum’s long-term value, staking rewards, and institutional trust sets it apart in a competitive market. Chalom sees the tokenization of assets and Ethereum’s role in the digitization of finance as key drivers for ETH’s future growth.