•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Sharplink, a publicly traded Ethereum treasury firm, reported a net loss of nearly $686 million in Q1, with almost $507 million attributed to unrealized losses from its Ethereum treasury. The figure is substantially larger than the same period last year, when the firm reported a net loss of $1 million.
Sharplink said it deployed its ETH capital “with discipline” during the quarter and expanded its activities beyond foundational staking into a broader set of on-chain opportunities. The company also reported higher revenues, rising from less than $1 million in Q1 last year to more than $12 million in 2026, supported by its staked Ethereum treasury.
Sharplink CEO Joseph Chalom said the firm is building a platform intended to provide shareholder value across market cycles, citing a growing permanent capital base and a risk-management framework.
Alongside its Q1 results, Sharplink announced plans to create a $125 million on-chain yield fund in collaboration with Galaxy Digital. The fund will begin with $100 million from Sharplink’s staked ETH treasury and $25 million from Galaxy.
The fund will seek to “capture high-yielding opportunities in blockchain-based financial markets” by allocating to promising applications. Galaxy founder and CEO Mike Novogratz said institutional capital is moving on-chain and that infrastructure has matured to allow allocators to access yield, liquidity, and risk management with similar rigor to traditional markets.
According to the announcement, while Sharplink is providing the majority of the funding, Galaxy will be responsible for “protocol selection, exposure sizing, and ongoing monitoring” of the on-chain deployments.
Shares in Sharplink (SBET) rose around 2% following the news, trading at $7.59. The firm holds approximately 872,984 ETH, worth about $2.1 billion. Over the last month of trading, SBET shares are up about 16%, but down around 34% over the last six months.
Galaxy Digital (GLXY) shares were up around 2.3% since trading began on Monday, recently trading around $30.92—up about 43% over the last month of trading.
Ethereum was down about 0.5% over the past 24 hours, trading around $2,329.
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…
