Sharplink, a major public company holding 360,807 ETH, has appointed former BlackRock managing director Joseph Chalom as co-CEO effective July 24. Chalom, who spent 20 years at BlackRock and led its digital asset strategy, will shape Sharplink's global public markets approach and Ethereum-based infrastructure development.
The move comes amid intensifying competition in corporate Ethereum treasury acquisitions. Rival firm BitMine Immersion Technologies recently acquired 566,776 ETH worth over $2 billion, surpassing Sharplink's holdings. This follows Sharplink's own $259 million ETH purchase last week and its May appointment of Ethereum co-founder Joseph Lubin as board chairman.
Chalom's background includes overseeing BlackRock's iShares Ethereum Trust (ETHA), which became the third-fastest ETF in history to reach $10 billion in assets. At BlackRock, he managed $95.7 billion in crypto assets and served on boards of tokenization platform Securitize and AI analytics firm ClarityAI.
In response to Sharplink's moves, BitMine appointed Fundstrat founder Tom Lee as board chairman in June. Chalom stated his new role aligns with his vision of Ethereum as a "growing foundation of global finance", highlighting the strategic importance of the hire amid the corporate ETH accumulation race.