Sharplink hits back at BitMine’s $2B Ether buy with BlackRock hire

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.