SharpLink Gaming Appoints Joseph Chalom as Co-CEO, Signals Strategic Push into Ethereum
SharpLink Gaming Ltd, a prominent corporate holder of Ethereum (ETH), has appointed Joseph Chalom as its new co-CEO. Chalom, a seasoned leader and former senior executive at BlackRock, brings two decades of institutional finance and digital asset expertise to the role.
A Strategic Addition from BlackRock
Chalom played a pivotal role at BlackRock, where he led the firm’s digital asset strategy. His tenure included the successful launch of the iShares Ethereum Trust (ETHA), now the largest spot Ethereum exchange-traded fund (ETF), with over $10 billion in assets under management.
In addition to ETHA, Chalom contributed to the development of BlackRock’s iShares Bitcoin Trust and helped design the BUIDL tokenized funds. He also forged key partnerships with top financial and crypto platforms such as Coinbase, Nasdaq, Anchorage, BNY Mellon, Circle, and others—driving innovation and expanding institutional adoption of digital assets.
Leadership Transition at SharpLink
Current CEO Rob Phythian will transition to the role of President over the next quarter and continue serving on the company’s Board of Directors. The leadership reshuffle positions SharpLink to accelerate its involvement in the Ethereum ecosystem and broader digital finance sector.
Ethereum’s Future in Focus
Ethereum co-founder and SharpLink Gaming Chairman Joseph Lubin welcomed Chalom’s appointment, calling it a transformative moment for ETH. According to Lubin, Chalom’s move is a strong signal of institutional confidence in Ethereum and its central role in the future of global finance.
Lubin emphasized that this leadership change will likely attract new capital into Ethereum, supporting its continued evolution as a core asset in capital markets.
SharpLink’s Expanding ETH Holdings
SharpLink began incorporating Ethereum into its corporate treasury in mid-June 2025. On July 11, the company announced the purchase of 10,000 ETH in an over-the-counter (OTC) deal valued at $25.72 million.
Following that, SharpLink acquired an additional 6,377 ETH on July 16 for $19.56 million, bringing its total holdings to over 287,083 ETH—surpassing the Ethereum Foundation and making SharpLink the largest single corporate ETH holder.
This accumulation helped trigger a short-term rally in ETH’s price, which climbed over 6% in a single day to reach $3,160. As of now, Ethereum is trading at $3,721, slightly down by 0.21% over the past 24 hours, with daily highs reaching $3,744. Trading volume also saw a 5.1% uptick to $41.2 billion, signaling strong market interest.
Institutional Ethereum Adoption Accelerates
SharpLink’s aggressive ETH strategy aligns with a broader trend of institutional investment in Ethereum. Firms such as Bitmine Immersion Technologies, BioNexus Gene Lab, and Bit Digital have also significantly increased their ETH holdings. Bitmine, for instance, raised $2.5 billion to ramp up Ethereum acquisitions.
BlackRock has remained a major player in this space. On July 21, it added another 27,158.86 ETH—worth around $100 million—to its portfolio. So far in July, BlackRock’s cumulative ETH purchases have exceeded $1 billion.
Its flagship ETHA ETF has seen dominant inflows, attracting approximately $1.79 billion—roughly 75% of all ETH ETF market inflows in just six days. ETHA’s assets under management surged past $10 billion within 251 trading days, making it one of the fastest ETFs to reach that milestone.
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