Sharplink posts $686M loss, unveils $125M DeFi fund
6.7 Investments Sharplink posted a $686M Q1 loss but grew revenues to $12M. The firm partnered with Galaxy to launch a $125M onchain yield fund, aiming for strong DeFi returns and sparking investor optimism.
Sharplink, an Ethereum treasury firm, reported a net loss of nearly $686 million in Q1 2026, with about $507 million attributed to unrealized losses on its Ethereum holdings. Despite this significant setback, Sharplink’s revenues surged from under $1 million in Q1 2025 to over $12 million in 2026, mainly due to staking its Ethereum treasury. In response to these results, Sharplink announced a partnership with Galaxy to launch the Galaxy Sharplink Onchain Yield Fund, a $125 million institutional-grade fund. The fund will be seeded with $100 million from Sharplink’s staked Ethereum and $25 million from Galaxy, with Galaxy serving as the exclusive manager. The fund aims to allocate capital across DeFi liquidity protocols and other onchain yield-generating strategies, targeting annualized returns above 10%. The announcement boosted Sharplink’s share price, reflecting investor optimism about the fund’s potential to stabilize finances and attract institutional capital.
