Ethereum is \u201cgetting its own MicroStrategy era,\u201d said former developer Eric Conner on X on Tuesday, drawing comparison to the world\u2019s leader in corporate Bitcoin accumulation: Michael Saylor\u2019s Strategy.<\/p>\n
The developer highlighted two \u201clive experiments\u201d of companies that have already started Ethereum treasuries, Tom Lee\u2019s BitMine and Joe Lubin\u2019s SharpLink<\/a>.<\/p>\n These two could be the pioneers for the next wave of Ethereum treasury companies seeking additional yields on top of their digital asset investments.<\/p>\n 1\/ ETH is getting its own MicroStrategy era. Two live experiments: Tom Lee\u2019s BitMine and Joe Lubin\u2019s SharpLink. Here\u2019s how each plans to stack ETH and juice shareholder value<\/p>\n \u2014 Eric Conner (@econoar) July 1, 2025<\/a><\/p>\n\n BitMine announced this week that the company is adding Fundstrat\u2019s Tom Lee as Chairman. It also revealed plans for a $250 million private placement to stack Ethereum as part of the company\u2019s treasury strategy, and its stock surged 400% as a result.<\/p>\n The firm will stake its ETH to earn extra income and will measure success using an \u201cETH per share\u201d model of how much Ethereum each stock share represents. This is very similar to how Bitcoin treasury companies use BTC Yield to show stockholders.<\/p>\n Lee believes Ethereum will benefit as traditional finance moves onchain, stating that more tokenized dollars as stablecoins will increase demand for Ethereum.<\/p>\n \u201cStablecoins have proven to be the \u2018ChatGPT\u2019 of crypto, leading to rapid adoption by consumers, merchants, and financial services providers,\u201d he said.<\/p>\n \u201cWe\u2019re kind of like the plumbing of what banks will look like in the future because they will be staking Ethereum on their balance sheet of crypto in order to fund and operate their stablecoin.\u201d<\/p>\n We asked @fundstrat<\/a> (Chief Investment Officer of @FundstratCap<\/a>) to explain the strategic decision for $BMNR<\/a> to focus on Ethereum due to its role in stablecoins.<\/p>\n \u201cStablecoins are the ChatGPT of Fintech.\u201d<\/p>\n \u201cThey provide a logarithmic benefit over traditional systems.\u201d\u2026 pic.twitter.com\/nNQ7pKrCaR<\/a><\/p>\n \u2014 TBPN (@tbpn) June 30, 2025<\/a><\/p>\n\n BitMine\u2019s mining DNA lets it spin up validators and \u201ctap DeFi rails, turning a once-capital-intensive operation into a cash-flow engine secured by Ethereum,\u201d said Conner.<\/p>\n Meanwhile, ConsenSys founder Joe Lubin is taking a bigger gamble with his gaming firm SharpLink, which raised $425 million to stack and stake Ethereum.<\/p>\n Conner concluded that this is just the beginning of the Ethereum treasury company phase, and more firms will follow.<\/p>\n \u201cFirms are waking up to ETH\u2019s combo of reserve asset and native yield. Expect the ETH-per-share scoreboard to get crowded fast.\u201d<\/p>\n Regardless of the clear impact on Ether supply and demand this will have, spot ETH prices remain<\/a> lackluster.<\/p>\n ETH has lost 2.3% on the day, falling back below $2,400 during the Wednesday morning Asian trading session. However, it found support there, and downsides were limited.<\/p>\n The asset has done very little since it cleared $2,200 in early May, with some investors describing it as a \u201cstablecoin.\u201d<\/p>\n Even with the bullish fundamentals and institutional interest in the asset, many are clearly still selling at these prices.<\/p>\n The post Does Ethereum Have an Advantage over Bitcoin for Corporate Treasuries?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum is \u201cgetting its own MicroStrategy era,\u201d said former developer Eric Conner on X on Tuesday, drawing comparison to the world\u2019s leader in corporate Bitcoin accumulation: Michael Saylor\u2019s Strategy. The developer highlighted two \u201clive experiments\u201d of companies that have already started Ethereum treasuries, Tom Lee\u2019s BitMine and Joe Lubin\u2019s SharpLink. These two could be the […]<\/p>\n","protected":false},"author":0,"featured_media":77603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-77602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/77602"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77602"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/77602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/77603"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}ChatGPT of Crypto<\/h2>\n
Ethereum Price Dips<\/h2>\n