1. SharpLink appoints Joseph Chalom as new CEO effective December 15, 2025. 2. ETH treasury business expanded, doubling ETH holdings to 863,424. 3. Institutional ownership surged to over 30% from low single digits. 4. Company executed strategic initiatives leading to long-term growth potential. 5. Focus on increasing ecosystem partnerships and enhancing staking operations.
FAQ
Why Bullish?
SharpLink's leadership transition and aggressive ETH strategy are likely to boost investor confidence, similar to past successful transitions in tech firms that led to share price increases.
How important is it?
The article outlines significant shifts in leadership and business focus that are likely to impact investor interest and market sentiment surrounding SBET.
Why Long Term?
The strategic focus on ETH and institutional growth positions SharpLink for sustained success, echoing patterns seen in successful crypto-adopting companies over several years.
SharpLink Appoints Joseph Chalom as CEO Amid Strategic Transition
Minneapolis, MN, Dec. 17, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (Nasdaq: SBET) has announced a significant leadership change as it continues to strengthen its position as a leading Ethereum treasury company. Effective December 15, 2025, Joseph Chalom has been appointed as the sole Chief Executive Officer and also elected to the Board of Directors. This announcement follows the departure of Rob Phythian from his roles as Co-Chief Executive Officer and Director.
Strategic Succession and Company Growth
SharpLink's transition to new leadership marks the completion of a planned shift aimed at enhancing its operations in the Ethereum market. Since launching its ETH treasury business on June 2, 2025, SharpLink has made remarkable strides, including:
- Doubled ETH concentration: Accumulated 863,424 ETH, leading to more than a 2x increase in ETH-per-share.
- Enhanced staking productivity: Staked nearly 100% of its ETH and earned 9,241 ETH in staking rewards.
- Expanded institutional ownership: Engagement with top financial firms has led to institutional ownership rising from low single digits to over 30% as of Q3 2025.
- Built best-in-class operating platform: An expert team has been onboarded to manage treasury, investment, and risk capabilities, minimizing the reliance on outsourced execution.
These accomplishments underscore SharpLink's commitment to long-term growth and creating shareholder value.
Quotes from Key Executives
Joseph Lubin, Chairman of the Board at SharpLink and co-founder of Ethereum, expressed gratitude towards Rob Phythian for his leadership during this pivotal transition. He stated, “With Joseph assuming full CEO responsibilities, we are focused on deepening ecosystem partnerships and staking operations while continuing to build long-term value for shareholders with our institutional-grade ETH treasury platform.”
Former CEO Rob Phythian noted, “It has been an honor to help build SharpLink and support the team through this transformational period. I’m proud of what the Company has accomplished, and I wish Joseph and the broader SharpLink team continued success as the Company scales its ETH treasury strategy.”
Joseph Chalom remarked, “I appreciate Rob’s support during this important chapter. Our focus is clear: continue building the most trusted and productive Ethereum treasury platform and create long-term value for shareholders. I’m excited about the Ethereum opportunity ahead.”
Overview of SharpLink Gaming, Inc.
SharpLink Gaming, Inc. (Nasdaq: SBET) is recognized as one of the largest publicly traded companies embracing ETH as its primary treasury reserve asset. This strategic move positions SharpLink to align with the future of digital capital, providing investors with direct exposure to Ethereum, the leading smart-contract platform and second-largest digital asset globally.
For more information, visit www.sharplink.com.
Forward-Looking Statements
Statements in this release regarding future expectations, plans, and prospects, among other statements not based on historical facts, may be considered “forward-looking statements” as defined under the Private Securities Litigation Reform Act of 1995. These statements are subject to various risks and uncertainties that could cause actual results to differ materially from those described.
Key factors affecting such statements include the ability to repurchase shares, operational profitability, and fluctuations in the market price of ETH. For a detailed discussion of risk factors, refer to the Company’s annual reports and SEC filings.
Contact Information
For investor relations inquiries, contact: Sean Mansouri, CFA or Aaron D’Souza, Elevate IR, at (720) 330-2829 or email ir@sharplink.com. For media inquiries, please contact media@sharplink.com.