According to BlockBeats, Ethereum co-founder Joe Lubin has revealed his decision to establish a company dedicated to investing in Ethereum's native token, ETH. This decision was influenced by a dinner conversation with prominent digital asset advocate Michael Saylor approximately six months ago.
Lubin, who is also the founder and CEO of Ethereum software infrastructure company Consensys, shared in an interview that the idea emerged after discussions with colleagues. He noted that previously, no one in his company had explored this direction in depth. However, they later realized that the strategy appeared to be relatively safe.
In related news, it was previously reported that SharpLink Gaming plans to raise $1 billion to increase its holdings in ETH.