seasoned leader from BlackRock's digital assets division joins $1.3 billion Ethereum holder SharpLink Gaming in new role
SharpLink Amplifies Ethereum Investment Strategy Under New Leadership
In a significant move, SharpLink Gaming, a leading player in the gaming and cryptocurrency space, has intensified its Ethereum investment strategy following the appointment of Joseph Chalom as Co-CEO.
Chalom, previously the architect of BlackRock's $10 billion iShares Ethereum Trust (ETHA), has brought his expertise to SharpLink, reinforcing institutional confidence in Ethereum's infrastructure for treasury management and decentralized finance.
Since his appointment, SharpLink's Ethereum holdings have surged, climbing to 438,190 ETH, up 21% from 360,807 ETH just a week earlier. This aggressive acquisition pace is supported by capital raised through SharpLink's ATM (At-the-Market) facility, which generated $279.2 million in net proceeds during the week of July 21-25, 2025.
SharpLink's new strategy involves buying large quantities of ETH via capital raised in the open market, engaging in Ethereum staking to generate additional revenue, and using SEC filings to facilitate transparent Ethereum purchases. This approach, inspired by Bitcoin treasury companies like MicroStrategy, signals a shift in corporate treasury management philosophies that embrace Ethereum's dynamic utility and evolving role in the crypto landscape.
Currently, SharpLink holds over $250 million available for future ETH purchases, reflecting the company’s confidence in Ethereum’s deflationary character and growing institutional adoption. This bold investment strategy positions Ethereum as central to SharpLink's strategic future.
Meanwhile, SharpLink's CEO, Rob Phythian, has assumed a new role as President, remaining on the board while Chalom leads the next phase of Ethereum-focused investment growth strategy.
Elsewhere in the Ethereum ecosystem, Solaxy, a platform developing infrastructure tools for Ethereum, is currently running a presale for its $SLXY token. Solaxy's multi-chain liquidity integrations could support projects like SharpLink as the Ethereum ecosystem scales.
As of late July 2025, the market cap of Ethereum stands at $463.67 billion, with a 24-hour volatility of 1.1%. The current price of Ethereum is $3,842, and the 24-hour volume is $33.71 billion.
SharpLink's commitment to aligning its strategic direction with the Ethereum ecosystem reflects a bold and forward-thinking vision, according to Chalom. As the company continues its robust acquisition and staking strategy, it remains poised to capitalize on Ethereum's potential for growth and contribute to the evolving landscape of decentralized finance.
This news report is for informational purposes only and does not constitute financial or investment advice. Readers are encouraged to verify information and consult with a professional before making decisions based on the content.
- Investors looking at technology-focused investment opportunities may find SharpLink's token presale during its Ethereum investment growth strategy of interest, given its success in acquiring large quantities of Ethereum and generating additional revenue through staking.
- With SharpLink's increased focus on Ethereum and its strategy to use SEC filings for transparent ETH purchases, the company's future plans for investing in decentralized finance could attract attention from financial institutions, potentially leading to further institutional adoption of Ethereum.
