SharpLink Gaming Ltd. (SBET) announced that Joseph Chalom will serve as the company’s sole Chief Executive Officer and has been elected to the Board of Directors, effective December 15, 2025. The change follows the departure of Co‑CEO and Director Rob Phythian, who stepped down from both positions on the same date.
Chalom brings two decades of experience in digital asset strategy from BlackRock, where he led the firm’s crypto initiatives, and a prior tenure at ConsenSys. His appointment underscores SharpLink’s commitment to expanding its institutional‑grade Ethereum treasury, which now holds 863,424 ETH—making it the second‑largest publicly disclosed corporate holder. The company has staked nearly all of its holdings, generating substantial staking rewards that support its growth strategy.
The article previously misstated that Chalom was an Ethereum co‑founder. In fact, Joseph Lubin—Chairman of SharpLink’s Board and co‑founder of Ethereum—holds that distinction. Lubin’s leadership reinforces the company’s alignment with the broader Ethereum ecosystem and its strategic partnership with ConsenSys.
SharpLink’s Q3 2025 financials illustrate the success of its treasury focus. Revenue surged to $10.8 million, a tenfold increase from $0.9 million in Q3 2024, while net income jumped to $104.3 million from a $0.9 million loss the prior year. The turnaround is largely attributable to the appreciation of the company’s ETH holdings and the high yields from staking, which together have driven both top‑line growth and profitability.
Market reaction to the leadership change has been muted, with investors expressing concerns about valuation multiples in the crypto‑asset space. Nonetheless, the company’s strong earnings and the scale of its ETH treasury provide a solid foundation for future growth, and analysts have noted the firm’s disciplined cost management and strategic focus on staking and ecosystem partnerships.
The consolidation of leadership under Chalom signals SharpLink’s intent to streamline decision‑making and accelerate its transition from an iGaming affiliate to a dedicated Ethereum treasury vehicle. With a seasoned executive at the helm, the company is positioned to deepen ecosystem collaborations, expand staking operations, and continue building long‑term value for shareholders through its institutional‑grade ETH platform.
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