SharpLink’s first quarter 2026 revenues grew to $12.1 million, from $742,000.
You can read more about it here:
- SharpLink Q1 revenues increased to $12.1 Million as ETH staking grew treasury revenue.
- SharpLink’s 872 984 ETH Treasury puts it behind BitMine in terms of public Ethereum Treasury Companies today.
- SharpLink will be evaluated to see if it can generate DeFi Yield while managing the risk.
According to the company, this increase is primarily due to its Ethereum Treasury Strategy actively managed since June 2025.
It is now being marketed as a treasury-based Ethereum platform by the Nasdaq. According to its website, SharpLink’s ticker is SBET. It offers investors an exposure vehicle and yield tied to Ethereum.
Losses from ETH have a negative impact on earnings
SharpLink still posted Net loss in Q1 was $685.6M, compared with $1.0M a year before. This loss was attributed to non-cash ETH losses, and impairment charges in a quarter where Ethereum’s market performance was weaker.
The company reported unrealized ETH loss of $506.7 millions and a LsETH impairment charge of $191.7million. The company also stated that these accounting losses didn’t reduce the amount of ETH it held.
SharpLink had about 870.821 Ethereum at the end March. As of May 4, the figure had risen to 872.984 ETH, keeping SharpLink among the biggest public Ethereum treasury investors.
The company also has generated 18.800 ETH since June 2025 in staking reward through both native and liquidity staking programs. Crypto.news published earlier comments showed SharpLink planned on moving beyond basic stakes into restaking and lending as well as other Ethereum-based tools for yield.
Joseph Chalom is the Chief Executive Officer of Joseph Chalom. “We’re trying to hit singles and doubles.” He said that the firm isn’t looking for VC returns. Its plan, he explained, was a yield strategy with lower risks rather than a quest to make aggressive gains.
Galaxy Fund to be the Next Test
SharpLink and Galaxy Digital will launch the Galaxy SharpLink Onchain Yield Fund, with approximately $125 million of commitments. SharpLink says the fund will invest capital in selected onchain initiatives and provide liquid assets to emerging protocols.
Chalom stated that the Galaxy partnership would use institutional grade strategies to provide liquid liquidity to high quality protocols, while seeking to return for shareholders. Chalom warned the company that it was possible for the fund to not launch as scheduled, or commitments not funded. Strategies may also result in losses.
Updates on related markets show There are more companies building ETH treasurys. FG Nexus disclosed that it held 47,331 ETH and planned to utilize staking markets, restaking markets, and the DeFi market to generate yield.
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Source: crypto.news
