Ethereum Firm Sharplink Posts $686 Million Loss, Kicks Off $125M Yield Fund With Galaxy
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- Sharplink posted a Q1 net loss of nearly $686 million, mainly from unrealized losses on its Ethereum treasury.
- Sharplink's Q1 revenue rose to over $12 million in 2026 from under $1 million a year earlier, thanks to its staked ETH holdings.
- Sharplink and Galaxy Digital announced a $125 million on‑chain yield fund, funded with $100 million from Sharplink’s ETH treasury and $25 million from Galaxy.
- Sharplink shares climbed about 2 % to $7.59 after the announcement, while Galaxy Digital stock rose roughly 2.3 % to $30.92.
Why it matters: Investors in Sharplink see a modest share price uptick despite the $686 M loss, while Galaxy Digital gains exposure to high‑yield blockchain assets, potentially boosting returns for institutional on moving on‑chain.
