Overview

• Joseph Chalom, who spearheaded BlackRock’s Bitcoin and Ethereum ETFs, assumed co-CEO duties at SharpLink on July 24.
• Rob Phythian will transition from CEO to president over the next quarter while remaining on the company’s board.
• SharpLink raised $413 million via its at-the-market equity program and amended its sales agreement to allow up to $6 billion in share sales.
• The firm now holds 360,807 ETH in its treasury, positioning it as the world’s second-largest corporate Ethereum holder.
• SharpLink’s stock fell more than 6% on the co-CEO announcement, extending a five-day slide beyond 31% amid investor scrutiny.