Sharplink and Galaxy Launch $125 Million Onchain Yield Fund

Sharplink Inc., whose ticker is SBET, saw its stock price surge after partnering with Galaxy Digital to launch a $125 million onchain yield fund. The deal expands Sharplink's Ethereum treasury strategy beyond simple staking and asset accumulation.

The Galaxy Sharplink Onchain Yield Fund has committed $100 million in assets backed by Sharplink's staked Ethereum holdings, while Galaxy contributed $25 million. The new fund will target onchain yield strategies and other identified digital asset opportunities, managed through research, protocol reviews, and internal controls.

This partnership marks a broader shift in how companies manage their digital asset treasuries, allowing them to seek additional returns through blockchain-based financial markets. Sharplink now has a dedicated vehicle for selected onchain yield deployments, strengthening its connection to institutional Ethereum adoption and active treasury management across digital asset markets.