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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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