BlackRock Executive Joins SharpLink Gaming as Co-CEO Amid Ethereum Treasury Expansion Plans

Key Points

1. Joseph Chalom, instrumental in launching BlackRock's Bitcoin and Ethereum ETFs, transitions to SharpLink Gaming as co-CEO.

2. SharpLink Gaming holds over 360,000 ETH (valued at $1.3 billion) and recently acquired 80,000 ETH in a week, with plans to expand its treasury further.

3. The company aims to leverage Ethereum-native yield opportunities, including staking and restaking, through a publicly traded equity vehicle.

4. SharpLink's shares dropped over 6% to $21.89, extending losses to 31% in five days, reflecting broader crypto-related equity market volatility.

5. Joseph Lubin, Chairman of SharpLink and CEO of ConsenSys, views Chalom's appointment as validation of the company's ETH treasury strategy.