Galaxy Digital (GLXY) and Sharplink (SBET) are teaming up to allocate some of the latter’s staked ETH hoard into decentralized finance (DeFi) strategies.
The Galaxy Sharplink Onchain Yield Fund would receive $100 million from Sharplink’s ETH treasury and $25 million from Galaxy, the companies said.
Galaxy will manage the investment, which is expected to begin in the coming weeks under a non-binding memorandum of understanding.
The strategy will see capital deployed through DeFi liquidity protocols and other on-chain yield strategies. The structure is designed to keep Sharplink’s core ETH exposure intact while also 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 change in the treasury model. At recent prices, $100 million is roughly equivalent to 43,000 ETH.
