SharpLink Gaming, the largest corporate holder of Ethereum, has appointed Joseph Chalom as its new co-CEO. The former BlackRock executive will lead the Ethereum-focused treasury company alongside co-founder Rob Phythian as it expands its strategy around ETH activation and institutional blockchain integration.
Chalom, who played a central role in shaping BlackRock’s digital asset roadmap, brings nearly two decades of institutional experience to SharpLink. At BlackRock, he was instrumental in launching the iShares Bitcoin Trust (IBIT), the iShares Ethereum Trust (ETHA), and BUILD, the firm’s tokenized fund built on Ethereum. These products formed the foundation of BlackRock’s broader crypto and tokenization strategy.
From Institutional Strategy to On-Chain Execution
Following his appointment, Chalom highlighted Ethereum’s growing role in global finance. In a statement shared on social media, he described Ethereum as the infrastructure where tokenized assets, stablecoins, and AI-powered systems are moving. He added that SharpLink is positioned not only to hold ETH but to actively deploy it through native staking, restaking, and Ethereum-based yield mechanisms.
Chalom emphasized that SharpLink aims to act as a bridge between institutional capital and on-chain value generation. He noted that packaging Ethereum-native returns into a publicly traded equity structure sets SharpLink apart in the crypto sector. The company trades under the ticker $SBET and holds nearly all of its ETH in active staking protocols.
ConsenSys CEO Joe Lubin, who now serves as SharpLink’s chairman, described Chalom’s appointment as a significant endorsement of Ethereum’s institutional future. The company rebranded earlier this year into a dedicated Ethereum treasury entity and has since surpassed the Ethereum Foundation in total ETH holdings.
SharpLink Expands Ethereum Position Through Active Treasury Model
As reported by CoinWorld Story, SharpLink acquired approximately 74,656 ETH between early and mid-July, spending over $213 million at an average price of $2,852. This purchase raised the company’s total ETH holdings to more than 280,000. Of that, 99.7 percent is currently staked, generating over 400 ETH in rewards since June. On-chain data also shows that SharpLink has increased its ETH concentration by 23
Chalom noted that SharpLink’s strategy focuses on long-term growth through Ethereum-native returns, supported by secure staking and yield strategies. The company’s vision is to drive shareholder value by using ETH not just as a treasury asset but as a productive, revenue-generating tool within the Ethereum ecosystem.
Conclusion
Joseph Chalom’s appointment as co-CEO of SharpLink marks a significant move in aligning institutional finance and blockchain-native infrastructure. As Ethereum adoption deepens, SharpLink aims to take charge of transforming corporate treasury management through on-chain utility and active capital deployment.
