Joseph Chalom, former head of digital assets strategy at BlackRock, has joined SharpLink Gaming as co-CEO, transitioning after a 20-year tenure where he was instrumental in launching BlackRock's Bitcoin and Ethereum ETFs. Chalom announced his move on social media, emphasizing his belief that Ethereum is becoming a key component of global finance. Following his appointment, Rob Phythian, the current CEO, will shift to the role of president. SharpLink, which manages an Ethereum treasury, holds over 360,000 ETH valued at more than $1.3 billion and plans to raise up to $6 billion via a stock sale to further acquire ETH. Chalom's extensive experience is expected to enhance the firm's strategy in leveraging Ethereum as a treasury asset, with a focus on staking and yield-generating strategies. Despite the positive leadership change, SharpLink's shares dropped over 6% on the announcement, reflecting recent volatility in its stock price.

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