SharpLink CEO Says It Ignores Ethereum’s Short-Term Price Swings, Bets on Finance’s Future

Uk Jin

Summary

Digital asset treasury companies said they are accumulating Ethereum as a core corporate asset and investing in the future of finance rather than focusing on short-term price swings.
Chief Executive Officer Joseph Chalom said Ethereum is the core asset that will transform the financial industry, adding that the company is pursuing a long-term strategy that includes staking and deploying assets into DeFi.
Panelists said Ethereum’s validator decentralization, the reliability and liquidity valued by institutions, the share of supply locked in staking and greater regulatory clarity could strengthen institutional conviction.

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From left, Lava VC Partner Ha Si-eun, SharpLink CEO Joseph Chalom, Hodl1 CEO Hiroki Tahara and Parataxis Korea Ethereum Head Lee Myung-hoon speak at the EK1 event at DSRV’s headquarters in Seoul on July 16. Photo: Jin Wook/Bloomingbit

Digital asset treasury companies that have made Ethereum (ETH) a core corporate holding voiced confidence in the token.

Joseph Chalom, chief executive officer of SharpLink, said at an Ethereum Korea One, or EK1, panel discussion at DSRV’s headquarters in Seoul on July 16 that he pays no attention to Ethereum’s price "yesterday, today or tomorrow." Instead, SharpLink is investing in the future of finance.

The panel also featured Hiroki Tahara, chief executive officer of Hodl1, and Lee Myung-hoon, head of Parataxis Korea Ethereum. All three companies are accumulating Ethereum as a key treasury asset. SharpLink, in particular, runs the world’s second-largest Ethereum-focused digital asset treasury company.

Asked why investors should own Ethereum, Chalom said the token would reshape finance much as Amazon changed e-commerce and Nvidia’s chips transformed the artificial intelligence industry. For investors seeking exposure to a new financial system, Ethereum is the core asset, he said.

SharpLink is doing more than simply holding the token, he added. The company is pursuing a long-term strategy based on conviction in Ethereum, including staking and deploying assets into decentralized finance, or DeFi.

All of the panelists argued that Ethereum is the network best suited for institutions. Chalom said Ethereum has more than 1 million validators across more than 80 countries. Institutional investors place the highest priority on reliability and liquidity, and Ethereum offers both.

Tahara said Ethereum is rapidly establishing itself as global financial infrastructure and will become a core system for companies and financial institutions. Lee said a substantial portion of Ethereum’s supply is locked in staking, a sign of strong conviction in the asset and evidence that interest in Ethereum is increasing.

The speakers also said the regulatory environment could work in Ethereum’s favor. Chalom said SharpLink had long viewed Ethereum as a commodity rather than a security, so regulation was not a major factor in the company’s investment decision. Even so, regulatory clarity could give institutions greater confidence.

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