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SharpLink (SBET), the publicly traded firm with a large Ethereum treasury, reported that it lost $685.6 million during Q1 2026. The company’s CEO, Joseph Shalom, said at least $507 million of that figure relates to unrealized losses tied to Ethereum (ETH) market conditions.
Despite the accounting result, SharpLink said its revenue surged from under $1 million last year to $12.1 million. The company attributed the increase to growth in its staking operations.
The company framed the outcome as a reflection of the volatility involved in integrating digital assets into corporate treasuries under current accounting rules.
To support its ecosystem, SharpLink announced a strategic collaboration with Galaxy Digital to launch a $125 million on-chain yield fund.
Following the announcement, SBET shares rose 2%, which the company characterized as resilience as the market digests the reported on-paper losses.
SharpLink said it is positioning itself for broader institutional adoption by moving beyond basic staking toward decentralized finance (DeFi) yield opportunities. The company’s next step is executing the new joint fund to capture value in blockchain-based financial markets.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
