SharpLink Bets Big: $295M Ethereum Move Nears 500,000 ETH Landmark

SharpLink just made a power play—shifting $295 million into Ethereum like a whale eyeing the last krill in the ocean. The target? A half-million ETH stash that’ll have crypto bros high-fiving in Discord channels.

Why Ethereum? Because even in 2025, bankers still can’t tell the difference between a smart contract and a Netflix subscription. Meanwhile, SharpLink’s stacking ETH like it’s the only asset that matters—because let’s face it, in this clown market, it might be.

Watch the dominoes fall. When institutions move this hard, retail traders either ride the wave or get chewed up by the gas fees. No mercy here—just code, capital, and the cold math of decentralized finance.

Leadership changes

This Ethereum acquisition is the first major MOVE since SharpLink named Joseph Chalom as Co-CEO on July 25.

Chalom previously led digital asset strategy at BlackRock and played a key role in launching the BUIDL fund, as well as Bitcoin and Ethereum ETFs.

SharpLink’s chairman, Joseph Lubin, said Chalom’s appointment signals the firm’s deeper focus on institutional-grade crypto exposure. He furthered that Ethereum is entering a new phase, one that requires large capital, capable leadership, and long-term alignment.

Lubin added:

“Joseph brings all three. His decision to join Sharplink is a massive vote of confidence for Ethereum and for the role ETH will play in the future of capital markets. With stablecoins, ETH Treasury companies and top tier talent TradFi is onboarding to DeFI.”

Chalom echoed this vision, saying:

“Our goal [at SharpLink] is not just to hold ETH, but to activate it, using native staking, restaking, and Ethereum-based yield strategies. All to increase the value of our treasury and create long-term shareholder value.”