SharpLink Q1 Revenue Tops $12 Million as $125 Million Yield Fund Moves Ahead
SharpLink's first-quarter revenue topped $12 million as the company pursues ETH yield and moves ahead with a proposed $125 million onchain yield fund with Galaxy Digital aimed at boosting ETH-per-share returns.
The Galaxy and SharpLink Onchain Yield Fund is planned to launch in the coming weeks. SharpLink said it would contribute $100 million from its permanent capital, while Galaxy would add $25 million and serve as investment manager for a vehicle designed to deploy capital into onchain opportunities generating risk-managed, ETH-denominated yield.
From the sources (4 posts)
@novogratzProud to partner with @Sharplink and @joechalom on the Galaxy Sharplink Onchain Yield Fund, putting one of the most significant ETH treasuries among public companies to work. Institutional capital is moving onchain, and the infrastructure i
@sharplinkPlanned to launch in the coming weeks, Sharplink will use its permanent capital to contribute $100M. Galaxy Digital will contribute another $25M and serve as the investment manager.
@cointelegraph⚡️ NEW: SharpLink unveils proposed $125M onchain yield fund with Galaxy Digital to boost ETH-per-share returns.
@theblockcoSharplink Q1 revenue tops $12 million as it pursues 'singles and doubles' hits in ETH yield