Joseph Chalom appointed Co-CEO of SharpLink Gaming, emphasizing Ethereum adoption and digital finance innovation.
Quiver AI Summary
SharpLink Gaming, Inc. has appointed former BlackRock executive Joseph Chalom as its new Co-CEO, effective July 24, 2025. Chalom joins SharpLink after a 20-year tenure at BlackRock, where he was instrumental in advancing digital finance, including the launch of a significant Ethereum exchange-traded product. Current CEO Rob Phythian will transition to President while remaining on the Board of Directors. Chalom expressed excitement about leading SharpLink in shaping the future of decentralized finance, aligning the company's direction with the Ethereum ecosystem. SharpLink, based in Minneapolis, is notable for adopting Ether as its primary treasury reserve, aiming to innovate within the online gaming sector.
Potential Positives
- Appointment of Joseph Chalom, a former BlackRock senior executive, as Co-CEO enhances SharpLink's leadership credentials and signals a strong strategic direction.
- Chalom's experience in launching the iShares Ethereum Trust positions SharpLink to leverage institutional adoption of digital assets effectively.
- SharpLink's alignment with the Ethereum ecosystem reflects a forward-thinking vision that could attract investors and drive innovation in the digital economy.
Potential Negatives
- The appointment of Joseph Chalom from BlackRock may signal a reliance on external leadership rather than internal talent development, potentially raising concerns about the company's culture and management structure.
- The press release heavily emphasizes the significance of Ethereum as a treasury asset, which could pose risks due to the volatility of cryptocurrency markets affecting the company's financial stability.
- Forward-looking statements indicate uncertainty regarding the company's ability to achieve profitable operations and the potential impact of regulatory changes and market fluctuations on its strategy.
FAQ
Who is Joseph Chalom and what is his new role at SharpLink Gaming?
Joseph Chalom is a former BlackRock senior executive appointed as the new Co-CEO of SharpLink Gaming, effective July 24, 2025.
What is SharpLink Gaming's primary asset strategy?
SharpLink Gaming adopts Ether (ETH) as its primary treasury reserve asset, aligning with the future of digital capital.
What notable partnerships did Chalom manage at BlackRock?
Chalom managed high-profile partnerships with Nasdaq, Coinbase, BNY Mellon, and others to enhance digital assets adoption.
How does SharpLink Gaming plan to innovate in online gaming?
SharpLink aims to build scalable, secure, and transparent solutions that challenge outdated gaming models and enhance user experience.
Who will Joseph Chalom work alongside at SharpLink?
Chalom will work alongside current CEO Rob Phythian, who will transition to the role of President and remain on the Board.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SBET Insider Trading Activity
$SBET insiders have traded $SBET stock on the open market 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $SBET stock by insiders over the last 6 months:
- ROB PHYTHIAN (Chief Executive Officer) purchased 44,640 shares for an estimated $299,980
- ROBERT MICHAEL DELUCIA (Chief Financial Officer) purchased 7,440 shares for an estimated $49,996
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SBET Hedge Fund Activity
We have seen 6 institutional investors add shares of $SBET stock to their portfolio, and 10 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VALUE BASE LTD. removed 73,001 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $21,243
- POST RESCH TALLON GROUP INC. removed 42,663 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $423,643
- VIRTU FINANCIAL LLC removed 26,951 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $7,842
- HRT FINANCIAL LP removed 13,621 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $3,963
- GEODE CAPITAL MANAGEMENT, LLC removed 12,533 shares (-73.6%) from their portfolio in Q1 2025, for an estimated $3,647
- STATE STREET CORP removed 10,175 shares (-91.7%) from their portfolio in Q1 2025, for an estimated $2,960
- UBS GROUP AG removed 4,133 shares (-85.6%) from their portfolio in Q1 2025, for an estimated $1,202
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Former BlackRock Senior Executive, Joseph Chalom, Appointed Co-CEO of SharpLink Gaming, Inc.
MINNEAPOLIS, MN, July 25, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET) (“SharpLink” or the “Company”), one of the world’s largest corporate holders of Ether (“ETH”) and prominent industry advocate of Ethereum adoption, today announced the appointment of former BlackRock senior executive Joseph Chalom as its new Co-Chief Executive Officer, effective July 24, 2025. Chalom brings world-class institutional leadership to SharpLink, having spent the past 20 years delivering digital finance innovations at BlackRock, including the launch of the iShares Ethereum Trust (ETHA), the largest Ethereum exchange traded product with over $10 billion in current assets.
Rob Phythian, SharpLink’s current CEO, will transition to the role of President over the next quarter and remain a member of the Company’s Board of Directors.
“Few executives in the world have had the kind of impact Joseph has had in unlocking institutional adoption of digital assets, having pioneered BlackRock’s strategic entry into the space. His decision to join SharpLink is a resounding validation of our ETH treasury strategy and vision for Ethereum to drive profound, transformative change across the global digital economy,” stated Joseph Lubin, SharpLink Chairman, Co-Founder of Ethereum and Founder and CEO of Consensys.
“I am joining SharpLink because I see a powerful opportunity to help shape the future of financial infrastructure and decentralized finance,” said Chalom. “SharpLink’s commitment to aligning its strategic direction with the Ethereum ecosystem reflects a bold and forward-thinking vision – one that deeply resonates with my passion for digital assets and scaling innovative financial technologies. I’m thrilled to be leading SharpLink into its next phase and harnessing Ethereum’s unique value proposition for our shareholders.”
A Fintech Veteran and Digital Assets Leader
Before joining SharpLink, Chalom served as Managing Director, Head of Strategic Ecosystem Partnerships at BlackRock, where he led the firm’s strategy across the digital assets, data and technology ecosystems. He architected strategic partnerships, including BlackRock’s high-profile partnerships with Nasdaq, Coinbase, Anchorage Digital Bank, BNY Mellon and Circle to drive product innovation and broader institutional adoption.
Over his distinguished 20-year tenure at BlackRock, Chalom held multiple senior leadership roles, including serving as BlackRock’s interim Deputy Chief Operating Officer and the Chief Operating Officer of BlackRock Solutions, the division offering Aladdin , BlackRock’s industry-leading portfolio and risk management platform.
Chalom also formerly served on the boards of Securitize, a leader in tokenized assets and digital transfer agency services; and ClarityAI, a top-tier AI-powered sustainability analytics and data platform. He holds a Bachelor of Arts in International Studies from Johns Hopkins University and a law degree from Columbia University School of Law.
About SharpLink Gaming, Inc.
Headquartered in Minneapolis, Minnesota, SharpLink Gaming, Inc. (Nasdaq: SBET) is the world’s largest publicly traded company to adopt Ether (“ETH”) as its primary treasury reserve asset – a move that aligns the Company with the future of digital capital and gives investors direct exposure to Ethereum, the world’s leading smart-contract platform and second largest digital asset.
SharpLink is also reimagining the future of online gaming. Backed by a veteran team with deep roots in sports media, gaming and technology, SharpLink is charting a new course – building scalable, secure and transparent solutions that challenge outdated models and bring real innovation to the user experience. Learn more at www.sharplink.com .
Forward-Looking Statement
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and these forward-looking statements are subject to various risks and uncertainties. Such statements include, but are not limited to, the execution of the Company’s treasury strategy and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, fluctuations in the market price of ETH that will impact the Company’s accounting and financial reporting (see accounting rules discussed below), government regulation of cryptocurrencies and online betting, changes in securities laws or regulations, customer acceptance of new products and services, the demand for its products and its customers’ economic condition, the impact of competitive products and pricing, the lengthy sales cycle, proprietary rights of the Company, changes in applicable laws or regulations, and its competitors, general economic conditions and other risk factors detailed in the Company’s annual report and other filings with the SEC. Under U.S. generally accepted accounting principles, entities are required to measure certain crypto assets at fair value, with changes reflected in net income each reporting period. Changes in the fair value of crypto assets could result in significant fluctuations to the balance sheet and income statement results. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company does not undertake any responsibility to update the forward-looking statements in this press release.
Investor Relations Contact
Sean Mansouri, CFA or Aaron D’Souza
Elevate IR
(720) 330-2829
[email protected]
Media Contact:
[email protected]
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