SharpLink Reports Significant Losses Amidst ETH Price Decline, Launches New Onchain Yield Fund

SharpLink, a publicly listed Ethereum treasury company, reported significant losses in Q1 2026 due to the decline in Ether (ETH) prices. The net loss of $685.6 million was primarily driven by $506.7 million in unrealised losses on ETH holdings reflecting that price decline.

The company's revenue, however, jumped 17-fold year-over-year to $12.1 million, driven almost entirely by $11.5 million from ETH staking operations. This is a significant milestone for SharpLink's treasury strategy launched in June 2025, which has seen its primary performance indicator - ETH per share - more than double since inception.

The company has announced a new partnership with Galaxy Digital to launch the Galaxy SharpLink Onchain Yield Fund, which will deploy capital across DeFi liquidity protocols and other onchain yield-generating strategies. The fund will receive commitments totalling $125 million and is planned to launch in the coming weeks.