SharpLink Gaming has announced that Joseph Chalom, a former digital assets executive at BlackRock, will join the company as co-CEO. Chalom previously played a critical role in launching BlackRock's Bitcoin and Ethereum ETFs and was the head of digital assets strategy at the investment firm. In his new role, he emphasized his belief in Ethereum's potential as a foundational element of global finance. His transition to SharpLink signifies confidence in the firm's ETH treasury strategy, aimed at adding long-term shareholder value through various yield-bearing strategies involving Ethereum. The company recently acquired substantial ETH holdings and plans to raise up to $6 billion to further enhance its treasury with Ethereum. Despite this positive news, SharpLink's stock saw a decline of over 6% on the announcement day, signaling mixed market reactions. Chalom's addition is seen as a significant move towards bridging the gap between institutional investors and Ethereum-based yield opportunities.

Source šŸ”—