Sharplink Hires Ex-BlackRock Leader as Co-CEO, ETH Treasury Soars
Sharplink Appoints Joseph Chalom as New Co-CEO
Sharplink has strategically appointed Joseph Chalom, previously a leader at BlackRock, as its new co-CEO. This move underscores Sharplink's commitment to expanding its influence and investments in the Ethereum ecosystem. Chalom will officially assume his role on July 24.
Ethereum's Joseph Lubin Endorses the Hire
Joseph Lubin, Co-Founder of Ethereum, has lauded Sharplink's decision, calling Chalom a perfect fit for the company's vision. Lubin highlighted Chalom's extensive experience in digital assets and his ability to guide large organizations in embracing blockchain technology.
Chalom's Background and Vision
Joseph Chalom brings over 20 years of experience from BlackRock, where he played a pivotal role in developing digital asset products, including the iShares Ethereum Trust, which currently manages over $10 billion in assets.
Chalom expressed his enthusiasm for contributing to the future of financial systems using Ethereum and aligning his vision with Sharplink’s goals. He aims to leverage Ethereum to benefit Sharplink's investors and stakeholders.
Before joining Sharplink, Chalom led significant alliances with major firms such as Nasdaq, Coinbase, and BNY Mellon, facilitating the adoption of digital assets by large institutions. He also served on the boards of Securitize and ClarityAI.
Sharplink's Ethereum Treasury Exceeds $1.3B
In a significant development, Sharplink has increased its Ethereum holdings, purchasing nearly 80,000 ETH in a single week leading up to July 20. This acquisition has propelled Sharplink past BitMine, establishing it as a leading holder of Ethereum. Sharplink’s treasury now exceeds $1.3 billion.
Leadership Transition
Rob Phythian, the current CEO of Sharplink, will transition to the role of President and remain on the Board of Directors in the coming months, marking a strategic shift in leadership.
Sharplink is positioning itself at the forefront of corporate crypto treasuries, aiming to shape the future of decentralized finance with Chalom's expertise and its substantial Ethereum holdings.
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