I would take the approach of adding VMs to the existing cluster but migrate the shared storage blob. Otherwise, if you have to change the endpoint name that SharePoint is connecting to and move the databases, you'll need to use cliconfg.exe on each SharePoint server to point to the new SQL endpoint.
https://learn.microsoft.com/en-us/sharepoint/administration/move-all-databases
Alternatively, you could P2V the existing SQL Servers, though that can be less clean.