{"id":97130,"date":"2026-05-15T15:21:12","date_gmt":"2026-05-15T12:21:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=97130"},"modified":"2026-05-15T15:25:15","modified_gmt":"2026-05-15T12:25:15","slug":"sharplink-criticizes-strategys-approach-to-crypto-asset-management","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sharplink-criticizes-strategys-approach-to-crypto-asset-management\/","title":{"rendered":"SharpLink Criticizes Strategy&#8217;s Approach to Crypto Asset Management"},"content":{"rendered":"<p>Ethereum companies are moving away from the capital management model popularized by Strategy&#8217;s founder, <a href=\"https:\/\/forklog.com\/en\/news\/michael-saylor-the-microstrategy-founders-biography-and-views\">Michael Saylor<\/a>. This was stated by SharpLink Gaming&#8217;s CEO, Joseph Shalom, in an interview with <a href=\"https:\/\/www.theblock.co\/post\/401288\/sharplink-ceo-says-eth-treasury-firms-are-diverging-from-strategy-model-as-ethereums-tokenization-role-expands\">The Block<\/a>.<\/p>\n<p>According to him, firms within the Ethereum ecosystem are focusing on income from <a href=\"https:\/\/forklog.com\/en\/news\/what-is-staking-and-how-to-make-money-from-it\">staking<\/a> and simplifying balances, in contrast to Saylor&#8217;s &#8220;financial engineering,&#8221; which often employs leverage for aggressive Bitcoin investments.<\/p>\n<p>Shalom considers Ethereum a more efficient reserve asset: token holders receive passive income directly. SharpLink has accumulated 868,699 ETH, valued at approximately $1.96 billion, ranking second in the market after BitMine, which holds over 5.1 million ETH.<\/p>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"420\" frameborder=\"0\" src=\"https:\/\/www.theblock.co\/data\/treasuries\/ethereum-treasuries\/public-companies-holding-eth\/embed\" title=\"Corporate Ethereum Treasury Holdings\"><\/iframe><\/p>\n<p>The head of SharpLink noted that many industry players suffered due to the issuance of convertible bonds and preferred securities in the early stages. SharpLink focused on raising equity capital and staking, which allowed it to maintain resilience despite a 91% drop in shares from 2025 highs.<\/p>\n<p>Shalom also highlighted the trend towards <a href=\"https:\/\/forklog.com\/en\/news\/what-are-rwas-real-world-assets\">tokenization<\/a> of assets and the growing use of <a href=\"https:\/\/forklog.com\/en\/news\/what-are-stablecoins\">stablecoins<\/a>. He mentioned plans by NYSE and Nasdaq to transition to 24\/7 trading and <a href=\"https:\/\/forklog.com\/en\/news\/dtcc-to-launch-blockchain-platform-for-collateral-tokenization\">developments<\/a> by DTCC in the area of RWA-backed securities.<\/p>\n<p>According to the executive, Ethereum&#8217;s correlation with Bitcoin and the tech sector will weaken in the future. Growth drivers will include the development of <a href=\"https:\/\/forklog.com\/en\/news\/what-is-decentralised-finance-defi\">DeFi<\/a>, tokenization of real-world assets, and AI integration into blockchain.<\/p>\n<h2 class=\"wp-block-heading\">Bit Digital&#8217;s Revenue Decline<\/h2>\n<p>The mining company Bit Digital <a href=\"https:\/\/www.prnewswire.com\/news-releases\/bit-digital-inc-announces-first-quarter-2026-financial-results-302772946.html\">released<\/a> its financial report for the first quarter. Total revenue amounted to $27.9 million, a 13.6% decrease from the previous period.<\/p>\n<p>Key figures:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Net loss:<\/strong> $146.7 million (compared to $185.3 million in the fourth quarter of 2025), driven by the revaluation of digital assets;<\/li>\n<li><strong>Cash:<\/strong> $79.5 million;<\/li>\n<li><strong>Digital asset volume:<\/strong> $295 million;<\/li>\n<li><strong>Ethereum holdings:<\/strong> 155,444 ETH valued at approximately $327 million.<\/li>\n<\/ul>\n<p>Bitcoin mining revenue fell by 32.9% to $3.7 million. The company confirmed its strategy to <a href=\"https:\/\/forklog.com\/en\/news\/bit-digital-shifts-focus-from-bitcoin-mining-to-ai-and-ethereum\">reduce reliance on mining<\/a> the first cryptocurrency in favor of the Ethereum ecosystem and AI infrastructure.<\/p>\n<p>Ethereum staking revenue dropped to $2.3 million amid a decline in the asset&#8217;s price. To enhance balance flexibility, the company transferred 70,000 ETH to <a href=\"https:\/\/forklog.com\/en\/news\/what-is-liquid-staking\">liquid staking<\/a> protocols.<\/p>\n<p>Cloud services generated $16.8 million. The colocation segment (equipment placement) showed a 23.9% increase, generating $4.8 million in revenue.<\/p>\n<p>Bit Digital holds a controlling stake in AI infrastructure operator WhiteFiber. The company&#8217;s head, Sam Tabar, stated that the future of the financial system is built at the intersection of AI and Ethereum.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;We provide computational infrastructure through WhiteFiber and settlement paths through our Ethereum staking platform. These are parts of a unified platform,&#8221; he emphasized.<\/em><\/p>\n<\/blockquote>\n<p>Back in May, BitMine&#8217;s chairman, Tom Lee, <a href=\"https:\/\/forklog.com\/en\/news\/bitmine-to-reduce-ethereum-demand\">announced<\/a> that the company had nearly reached its Ethereum accumulation goal and plans to slow down purchases.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum companies are moving away from the capital management model popularized by Michael Saylor, stated SharpLink Gaming&#8217;s CEO Joseph Shalom.<\/p>\n","protected":false},"author":1,"featured_media":97131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Ethereum companies diverge from Michael Saylor's model, says SharpLink CEO.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,1207,1138,1473,1836],"class_list":["post-97130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-microstrategy","tag-opinions","tag-reserve-currencies","tag-sharplink"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"Ethereum companies diverge from Michael Saylor's model, says SharpLink CEO.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=97130"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97130\/revisions"}],"predecessor-version":[{"id":97132,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97130\/revisions\/97132"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/97131"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=97130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=97130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=97130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}