Sharplink Inc. (SBET) Stock: Surges as $125M Galaxy Fund Expands Ethereum Treasury Strategy

Sharplink (SBET) rose after announcing a $125 million onchain yield fund with Galaxy Digital aimed at expanding its Ethereum treasury strategy. Sharplink is committing $100 million of staked ETH-backed assets, while Galaxy contributes $25 million and manages deployments through research-driven, risk-controlled onchain strategies. The move broadens Sharplink’s crypto treasury approach beyond passive ETH staking to active participation in blockchain protocols and digital asset opportunities. Shares closed up 2.23% at $6.43 before easing 0.16% after hours to $6.42. The article frames the deal as part of a wider trend of corporations seeking additional yield from crypto treasuries, potentially reinforcing institutional confidence in Ethereum-related strategies.