When the guy who spent 20 years at BlackRock, including a stint running digital assets strategy, tells you he left to bet his career on Ethereum, it’s probably worth hearing him out.
Joe Chalom, now CEO of Sharplink (Nasdaq: SBET), has been making a pointed argument that Ethereum deserves a spot in corporate treasuries, not just as a speculative hold but as a yield-generating, programmable asset that outpaces Bitcoin on several practical dimensions. And he’s putting real capital behind it.
From BlackRock to Ethereum treasury company
Chalom joined Sharplink in July 2025, leaving behind two decades at the world’s largest asset manager. In late June 2026, Sharplink raised $75 million through a registered direct offering specifically aimed at expanding its ETH holdings. The company stakes nearly all of its Ethereum, with roughly $200 million allocated toward liquid restaking strategies in early 2026.
The strategy is built around a deceptively simple metric: increasing ETH per share. Rather than chasing flashy DeFi plays or speculative token launches, Chalom has described a disciplined capital allocation approach. Buy ETH, stake it, earn yield, repeat.
