Sharplink Stock Surges on $125M Onchain Fund Deal with Galaxy Digital

Sharplink Inc., the company behind SBET stock, saw its shares surge after launching a $125 million onchain fund in partnership with Galaxy Digital. The deal expands Sharplink's Ethereum treasury strategy beyond basic ETH staking and asset accumulation.

The Galaxy Sharplink Onchain Yield Fund has committed capital of $125 million, with Sharplink supplying $100 million from its staked Ethereum holdings. Galaxy added the remaining $25 million and will manage the fund through its digital asset platform.

The new fund targets selected onchain yield strategies and other identified digital asset opportunities. Galaxy's approach includes proprietary research, protocol analysis, and structured risk controls to assess potential opportunities across blockchain protocols before allocating capital.