BlackRock veteran Joseph Chalom named co-CEO of SharpLink Gaming

MINNEAPOLIS - SharpLink Gaming, Inc. (Nasdaq:SBET), whose stock has surged over 330% in the past six months according to InvestingPro data, has appointed former BlackRock senior executive Joseph Chalom as its new Co-Chief Executive Officer, effective July 24, 2025, according to a company press release.

Chalom joins SharpLink after a 20-year career at BlackRock, where he most recently served as Managing Director, Head of Strategic Ecosystem Partnerships. During his tenure, he led the launch of the iShares Ethereum Trust (ETHA), which the company describes as the largest Ethereum exchange traded product with over $10 billion in current assets. The appointment comes as SharpLink maintains a strong liquidity position with a current ratio of 3.27, according to InvestingPro data.

Rob Phythian, SharpLink’s current CEO, will transition to the role of President over the next quarter while remaining on the company’s Board of Directors.

"I am joining SharpLink because I see a powerful opportunity to help shape the future of financial infrastructure and decentralized finance," Chalom said in the statement.

At BlackRock, Chalom developed partnerships with companies including Nasdaq, Coinbase, and Circle. He also previously served as BlackRock’s interim Deputy Chief Operating Officer and as Chief Operating Officer of BlackRock Solutions, which offers the Aladdin portfolio and risk management platform.

SharpLink describes itself as the world’s largest publicly traded company to adopt Ether (ETH) as its primary treasury reserve asset. The Minneapolis-based company operates in the online gaming sector, with a market capitalization of $2.3 billion. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with 15+ additional insights available to subscribers.

Chalom holds degrees from Johns Hopkins University and Columbia University School of Law, and has served on the boards of Securitize and ClarityAI, according to the announcement.

In other recent news, SharpLink Gaming, Inc. has reported a significant increase in its Ethereum (ETH) holdings, reaching 360,807 ETH as of July 20, 2025. This marks a 29% increase from the previous week, highlighting its position as the world’s largest corporate holder of Ether. The company purchased 79,949 ETH during the week ending July 20 at an average price of $3,238, marking the highest weekly amount of ETH purchased in its historical reporting periods. Additionally, SharpLink Gaming has amended its at-the-market (ATM) Sales Agreement with A.G.P./Alliance Global Partners, increasing the maximum aggregate offering amount of its common stock from $1 billion to $6 billion. This amendment introduces the option for forward sales of shares through Master Forward Confirmation Letter Agreements. Furthermore, the company became the largest corporate ETH holder with 280,706 coins as of July 13, 2025, having purchased 74,656 ETH at a weighted average price of $2,852. SharpLink raised approximately $413 million in net proceeds through its ATM facility, issuing over 24.5 million shares of common stock during the week of July 7 through July 11. Lastly, SharpLink Gaming Ltd. has been added to Bybit’s TradFi platform, expanding its offerings in the intersection of traditional finance and digital assets.

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