Sharplink hits back at BitMine’s $2B Ether buy with BlackRock hire
Main Idea
SharpLink has hired a former BlackRock executive as co-CEO, intensifying competition with BitMine, which recently acquired $2 billion worth of Ether.
Key Points
1. SharpLink hired Joseph Chalom, a 20-year BlackRock veteran, as co-CEO to lead its global strategy in public markets and Ethereum-based digital infrastructure.
2. Chalom's hiring follows BlackRock's iShares Ethereum Trust (ETHA) becoming the third fastest ETF to reach $10 billion in assets.
3. BitMine Immersion Technologies purchased 566,776 ETH worth over $2 billion, surpassing SharpLink's holdings of 360,807 ETH.
4. SharpLink previously appointed Ethereum co-founder Joseph Lubin as board chairman, while BitMine appointed Fundstrat founder Tom Lee in response.
5. The moves highlight a growing competition between SharpLink and BitMine in the Ethereum and digital asset space.
Description
SharpLink has hired a 20-year BlackRock veteran just one day after its biggest Ether-buying rival, BitMine, disclosed a massive ETH purchase.
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