Ethereum News Today: SharpLink Appoints Chalom as Co-CEO to Drive Ethereum Strategy

SharpLink Gaming Inc. has announced the appointment of Joseph Chalom as co-CEO, marking a strategic pivot toward an Ethereum-centric business model. Chalom, who previously led the launch of spot Bitcoin and Ethereum ETFs at BlackRock, brings institutional-grade crypto expertise to the firm [3]. His role follows that of Ethereum co-founder Joseph Lubin, who serves as chairman and has guided SharpLink’s transformation into one of the largest corporate Ethereum holders [1]. The company now holds 521,939 ETH, valued at over $2 billion, representing roughly 0.4% of the total Ethereum supply [1].

SharpLink’s Ethereum strategy is not just about accumulation—it involves active staking. The firm stakes 100% of its ETH holdings through institutional liquid staking protocols such as Liquid Collective and Figment, generating annual returns of approximately 4–5% [1]. As of August 2025, this staking initiative has yielded 929 ETH in rewards since its inception in June of the same year [1]. This approach differentiates SharpLink from traditional Ethereum ETFs, which typically do not offer staking incentives.

The company has also introduced the ETH Concentration metric, which measures the amount of ETH held per 1,000 shares. The metric currently stands at 3.66 ETH, up 83% since the strategy’s launch [1]. This indicates that the pace of ETH acquisition is outpacing share dilution, enhancing the value proposition for existing shareholders.

SharpLink’s aggressive Ethereum acquisition strategy is supported by a $6 billion at-the-market (ATM) equity financing program approved by the U.S. Securities and Exchange Commission (SEC) [1]. The company has used this funding to expand its ETH holdings through mechanisms such as a $425 million private placement led by ConsenSys and direct purchases from the Ethereum Foundation [1]. These actions align with a growing trend among institutional investors seeking crypto exposure via traditional stock vehicles.

Joseph Chalom has expressed a bullish outlook on the future of asset tokenization, forecasting a $100 trillion market [1]. He attributes this potential to Ethereum’s role as a "trustworthy ecosystem" capable of securing stablecoins, tokenized real-world assets, and other economic activity [1]. This vision is echoed by analysts, who highlight Ethereum’s emerging role as a backbone for institutional adoption and tokenized assets [5].

The strategic shift has driven significant market attention. SharpLink’s stock price more than quadrupled in a single day following the announcement of Lubin’s and Chalom’s leadership appointments [4]. The firm’s approach mirrors similar strategies by companies like Bitmine Immersion, which are also pivoting toward Ethereum for treasury management [1].

Despite the potential, SharpLink’s strategy carries risks. The company’s stock is highly volatile, and its success is closely tied to the performance of the crypto market. Additional challenges include regulatory uncertainties, share dilution, and the absence of diversified revenue streams [1].

By aligning with Ethereum’s ecosystem, SharpLink has positioned itself as a key player in the evolving landscape of crypto-adjacent equities. With Chalom’s appointment and continued ETH accumulation, the firm is likely to remain central to discussions around institutional crypto adoption and corporate treasury innovation [3].

Source:

[1] What Is SharpLink Gaming (SBET): The ETH Treasury Giant (https://www.coingecko.com/learn/what-is-sharplink-gaming-sbet-ethereum-treasury)

[2] Ethereum Holdings Elevate SharpLink Gaming Stocks (https://stockstotrade.com/news/sharplink-gaming-inc-sbet-news-2025_08_13/)

[3] SharpLink Welcomes BlackRock Digital Assets Pioneer Joseph Chalom as Newly Appointed Co-CEO (https://investors.sharplink.com/)

[4] SharpLink Gaming (SBET) Stock Price & Overview (https://stockanalysis.com/stocks/sbet/)

[5] Trump's Tariffs: Ethereum Leads Cryptocurrency Market ... (https://www.ainvest.com/news/trump-tariffs-ethereum-leads-cryptocurrency-market-peak-uncertainty-2508/)