Joseph Chalom, BlackRock's former head of digital assets strategy, has joined SharpLink Gaming as co-CEO. Chalom was instrumental in the launch of BlackRock's Bitcoin and Ethereum ETFs, and his transition to SharpLink signals a commitment to utilizing Ethereum as a core asset for institutional investment. SharpLink, which focuses on Ethereum treasury management, plans to enhance its treasury strategy and shareholder value with Chalom's expertise. The firm recently acquired approximately 80,000 ETH as part of building its treasury, which now exceeds 360,000 ETH, valued at over $1.3 billion as they aim to raise up to $6 billion in a stock sale for more ETH purchases. The announcement comes as BlackRock’s Ethereum ETF quickly approaches significant asset milestones, highlighting the growing institutional interest in digital assets. SharpLink is seeking to position itself as a bridge between institutional capital and Ethereum investments, despite a recent decline in its share price.

Source đź”—