Galaxy Digital (GLXY) and Sharplink (SBET) are teaming up to invest a portion of the latter’s ETH treasury in decentralized finance (DeFi) strategies.
The Galaxy Sharplink Onchain Yield Fund would receive $100 million from the ETH treasury staked by Sharplink and $25 million from Galaxy, the companies said.
Galaxy is expected to 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 across DeFi liquidity protocols and other on-chain yield strategies. The structure is designed to keep Sharplink’s core exposure to ETH 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 company said.
The allocation is small compared to Sharplink’s ETH stack, but large enough to mark a change in the treasury model. At recent prices, $100 million is approximately 43,000 ETH.
