Galaxy Digital to manage Sharplink’s new $125 million onchain yield play

The Galaxy Sharplink Onchain Yield Fund would receive $100 million from Sharplink’s staked ETH treasury and $25 million from Galaxy.

What to know:

• Galaxy Digital and Sharplink are teaming up to put part of the latter’s staked ETH treasury into DeFi strategies.
• The Galaxy Sharplink Onchain Yield Fund would receive $100 million from Sharplink’s staked ETH treasury and $25 million from Galaxy.
• Capital will be deployed across DeFi liquidity protocols & onchain yield strategies, maintaining Sharplink's core ETH exposure.

Galaxy Digital (GLXY) and Sharplink (SBET) are teaming up to put part of the latter’s staked ETH treasury into decentralized finance (DeFi) strategies.

The Galaxy Sharplink Onchain Yield Fund would receive $100 million from Sharplink’s staked ETH treasury and $25 million from Galaxy, the companies said.

Galaxy is set to manage the investment, which is expected to commence in the coming weeks under a non-binding memorandum of understanding.

The strategy will see capital deployed across DeFi liquidity protocols and other onchain yield strategies. The structure is designed to keep Sharplink’s core ETH exposure intact while adding an active yield strategy to its balance sheet.

Sharplink holds 872,984 ETH, according to separate first-quarter results. The company has generated 18,800 ETH in staking rewards since launching its ether treasury strategy in June 2025, the firm said.

The allocation is small relative to Sharplink’s ETH stack but large enough to mark a shift in the treasury model. At recent prices, $100 million equals roughly 43,000 ETH.

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