Galaxy Digital, Sharplink Announce $125M Yield Fund

Galaxy Digital and Sharplink announced Monday a nonbinding memorandum of understanding to launch the Galaxy Sharplink Onchain Yield Fund, a $125 million vehicle backed primarily by Sharplink's staked Ethereum holdings. The fund, structured as a limited partnership, will deploy capital into decentralized finance liquidity protocols and other onchain yield strategies, with operations expected to commence in the coming weeks.

Sharplink will allocate $100 million from its Ethereum treasury, equivalent to about 43,000 ETH at current market prices, while Galaxy Digital will contribute $25 million and serve as the investment manager. Galaxy will handle allocations, exposure sizing, risk management, and monitoring of positions within DeFi protocols. The structure allows Sharplink to retain ownership of its core ETH holdings and maintain staking activities, layering additional yield on top of passive rewards.

Sharplink, which describes itself as focused on an Ethereum treasury strategy akin to major Bitcoin holders, ended the first quarter of 2026 with 872,984 ETH, making it the second-largest public corporate holder behind Bitmine Immersion Technologies. The company launched its ETH...