Galaxy Digital (GLXY) and Sharplink (SBET) are teaming up to put a portion of the latter’s staked ETH coffers into decentralized finance (DeFi) strategies.
The Galaxy Sharplink Onchain Yield Fund will receive $100 million from Sharplink’s staked ETH fund and $25 million from Galaxy, the companies said.
Galaxy will 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 return strategies. The structure is designed to keep Sharplink’s core ETH exposure intact while adding an active return strategy to the balance sheet.
Sharplink has 872,984 ETH according to separate first quarter results. The company has generated 18,800 ETH in stake rewards since launching its ether finance strategy in June 2025, the firm said.
The allocation is small compared to Sharplink’s ETH stack, but large enough to mark a shift in the financial model. In recent prices, $100 million is equivalent to about 43,000 ETH.
