Ethereum Digital Asset Treasuries Are the Next Berkshire Hathaway, Says ConsenSys Founder Joseph Lubin

Key TakeawaysEthereum co-founder Joseph Lubin believes ETH-based digital asset treasuries (DATs) could evolve into “Berkshire Hathaway-style” investment vehicles for the decentralized economy.SharpLink Gaming, the first Nasdaq-listed Ethereum treasury firm chaired by Lubin, has acquired over $2 billion in Ether since August.The Ethereum DAT movement is accelerating, with SharpLink and BitMine collectively holding more than 3.4 million ETH worth nearly $15 billion.Lubin says Ethereum’s scalability and yield potential make it a superior treasury asset to Bitcoin.Ethereum co-founder and ConsenSys founder Joseph Lubin says Ethereum-based digital asset treasuries (DATs) could become the “Berkshire Hathaway” of the decentralized economy, mirroring the success of Michael Saylor’s Bitcoin treasury strategy.Speaking at Token2049 Singapore, Lubin told Cointelegraph that Ethereum’s functionality, yield-bearing potential, and widespread demand make it a more productive treasury asset than Bitcoin. “It’s as solid as Bitcoin — arguably more so — because of its utility and the organic demand for transactions and storage,” Lubin said.Lubin’s optimism follows his appointment as chairman of SharpLink Gaming, a Nasdaq-listed Ethereum treasury company that has accumulated 839,636 ETH, worth $3.69 billion as of October 8. The firm’s goal is to generate yield by staking Ether and investing in projects across the Ethereum ecosystem.SharpLink’s main competitor, Tom Lee’s BitMine, has emerged as a whale in the new DAT sector, holding 2.65 million ETH valued at $11 billion, and aims to control up to 5% of Ethereum’s total supply.Lubin noted that the movement was inspired by Saylor’s Bitcoin strategy, but tailored to Ethereum’s more “productive” and DeFi-native economy. He envisions ETH DATs borrowing against their holdings, investing in Ethereum-based ventures, and fueling ecosystem growth — all while increasing yield for shareholders.“The real opportunity is to become the Berkshire Hathaway of the decentralized global economy,” Lubin said, emphasizing that Ethereum’s ‘broadband moment’ is arriving as scaling, liquidity, and institutional participation expand.Despite concerns about over-leverage in DAT structures, Lubin believes the risks are manageable. “The biggest risk is not doing this kind of thing,” he added. “The financial industry is rushing into our ecosystem — this is our broadband moment.”