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SharpLink Gaming Invests $145 Million in Ethereum and Appoints New Co-CEO

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by Giorgi Kostiuk

3 hours ago

SharpLink Gaming has made a significant investment in Ethereum, allocating $145 million and appointing a new co-CEO to manage this asset.

SharpLink's Investment in Ethereum

SharpLink Gaming has transferred $145 million in USDC for the purchase of Ethereum from Galaxy Digital. This move will help the company grow its Ethereum reserves and strengthen its position in the cryptocurrency market.

Appointment of New Co-CEO

As part of its strategy, SharpLink has appointed Joseph Chalom, a former BlackRock executive, as co-CEO. He will be responsible for increasing Ethereum reserves and leading the company's strategic growth.

Market Impact and Forecasts

This investment has led to a 4% increase in Ethereum's price, reaching $3,740. Chalom's appointment highlights the importance of traditional finance experts in the cryptocurrency sector. This event may indicate shifts in corporate asset management and confirms institutional investors' confidence in Ethereum.

SharpLink Gaming continues to actively invest in Ethereum and strengthen its position among corporate cryptocurrency holders, reflecting growing institutional interest in this asset.

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