- Sharplink appoints ex-BlackRock leader Chalom, pushing bold Ethereum growth plans.
- Ethereum’s Joseph Lubin praises Sharplink’s move, calls Chalom perfect fit.
- Sharplink overtakes BitMine after purchasing record Ether, treasury tops $1.3B.
Sharplink has made a bold move by hiring Joseph Chalom as its new co-CEO. This decision shows Sharplink’s serious plan to grow bigger in the Ethereum market. Joseph Chalom is to formally assume his new position on July 24.
Ethereum Co-Founder Lubin Praises Chalom Hire
Chalom is not a stranger in the digital finance world. He had 20 years of experience at BlackRock, which is one of the largest investment companies in the world. During his tenure at BlackRock, Chalom assisted in creating significant digital asset products. Take the case of him being a major contributor to the introduction of iShares Ethereum Trust. The assets of this product are more than 10 billion dollars currently.
In the meantime, Sharplink has hit the headlines in other respects as well. In the recent past, the company has purchased a vast quantity of Ether. Sharplink bought nearly 80,000 ETH within a week, till July 20. It was the largest weekly acquisition at their end. Sharplink now has more than BitMine, which held the leading position previously, in Ether. This is a risky step, which demonstrates that Sharplink is consistent in creating a powerful Ethereum treasury.
Rob Phythian, who is the current CEO of Sharplink, is soon to relinquish his position. Nevertheless, he is not quitting the company. Rather, he will replace her as the new President and remain on the Board of Directors. This transition of leadership will occur within the next several months.
This hire was applauded by Joseph Lubin, Chairman of Sharplink and Co-Founder of Ethereum. According to him, Chalom assisted large organizations in embracing digital assets. He thinks that the fact that Chalom is moving to Sharplink is a confirmation that the strategy of the company is doing well. According to Lubin, the strategy of Sharplink regarding Ethereum will transform the digital economy of the world.
Sharplink ETH Treasury Tops $1.3B
Chalom claimed that he would like to contribute to the construction of the financial systems of the future with Ethereum. He feels that Sharplink’s vision goes in line with his own interest in digital assets. He also added that he is eager to harness the power of Ethereum to the advantage of the investors of Sharplink.
Before Sharplink, Chalom headed numerous large alliances as the chief of BlackRock. He collaborated with such big names as Nasdaq, Coinbase, and BNY Mellon. He also assisted in the introduction of new digital products in BlackRock. His contribution simplified the use of digital assets by big firms. In addition to this, Chalom served on the board of Securitize and ClarityAI. These corporations specialize in sustainability data that is powered by AI and tokenized assets.
Chalom graduated with an International Studies at Johns Hopkins University. He is a Columbia Law School graduate as well. He has a solid background and a large network that will enable Sharplink to achieve new heights.
Currently, Sharplink is among the largest publicly traded firms that possess Ethereum. The treasury of the company exceeds 1.3 billion dollars. This powerful status assists Sharplink to be on the edge of this corporate Ether reserve race that is intensifying. Although BitMine was recently ahead of Sharplink, this recruit and large ETH buy indicate that Sharplink is ready to reclaim the lead.
The actions of Sharplink are ambitious, as the race to have corporate crypto treasuries embraces the world. The company, with the help of Chalom and the powerful position of Ethereum, is looking to open the future of decentralized finance.
