Ethereum Firm Sharplink Posts $686 Million Loss, Kicks Off $125M Yield Fund With Galaxy

In brief

• Ethereum treasury firm Sharplink posted a Q1 net loss of nearly $686 million.
• The loss is significantly higher than its reported net loss in Q1 of 2025, which was less than $1 million.
• The firm also announced a $125 million on-chain yield fund in partnership with Galaxy.