Sharplink, Inc.

Sharplink, Inc. announced a non-binding plan with Galaxy Digital to form the Galaxy Sharplink Onchain Yield Fund, LP, a private investment vehicle with $125 million in commitments. Concurrently, the company reported its Q1 2026 financial results, showing a material increase in total revenue to $12.1 million, primarily from its actively managed ETH treasury strategy. However, the net loss significantly widened to $685.6 million, mainly due to non-cash unrealized losses and impairment charges on crypto assets, which do not reduce the number of ETH held. Sharplink's ETH holdings grew to 872,984 ETH, and ETH per share more than doubled.

Sharplink reported Q1 2026 financial results, with total revenue materially increasing to $12.1 million, driven by its actively managed ETH treasury strategy. However, the company recorded a significant net loss of $685.6 million, primarily due to non-cash unrealized losses and impairment charges on crypto assets. Sharplink also announced plans to launch the Galaxy Sharplink Onchain Yield Fund, a $125 million initiative, and increased its total ETH holdings to 872,984 ETH as of May 4, 2026.

Sharplink, Inc. reported a significant net loss of $(685.6) million for Q1 2026, a substantial increase from $(1.0) million in Q1 2025, primarily driven by $(506.7) million in unrealized losses and $191.7 million in impairment on crypto assets. Total revenue surged to $12.1 million from $0.7 million year-over-year, largely due to $11.5 million in staking revenue. The company's strategic shift to ETH Treasury Management, including native and liquid staking, is its predominant operational focus, alongside its online affiliate marketing business. Sharplink also changed its corporate name in February 2026 as part of a rebranding initiative.