Sharplink and Galaxy Digital Launch First-of-Its-Kind $125M Onchain Yield Fund

Sharplink, Inc. (Nasdaq: SBET) and Galaxy Digital Inc. (Nasdaq: GLXY) today jointly announced the launch of the Galaxy Sharplink Onchain Yield Fund, LP (the “Fund”), a first-of-its-kind institutional investment vehicle designed to deploy capital into onchain yield strategies and identified investments. Managed by Galaxy, the Fund launches with $125 million in committed capital, including $100 million backed by Sharplink’s staked ETH treasury and $25 million from Galaxy. The launch adds to a growing set of institutional digital asset investing strategies. It demonstrates a new model for corporate treasuries actively deploying capital to pursue additional risk-managed returns via onchain yield strategies. Galaxy's investment process is built on years of institutional experience deploying capital across digital asset markets. The firm has deployed significant capital across market cycles since 2020 with proprietary research, rigorous protocol diligence and comprehensive risk controls. “We’re entering a new phase of institutional adoption, with capital moving from passive ownership to active participation in blockchain-based markets,” said Mike Novogratz, Founder and CEO of Galaxy. “This Fund reflects that shift by pairing Sharplink’s substantial ETH treasury with Galaxy’s institutional investment platform to access opportunities across the onchain economy through a disciplined investment approach.” “Today’s launch deepens our partnership with Sharplink, which we view as an institutional leader in the onchain economy,” said Steve Kurz, Global Co-Head of Digital Assets at Galaxy. “It also adds the first institutional-grade, scaled onchain strategy to Galaxy’s asset management platform.” Joseph Chalom, Chief Executive Officer of Sharplink, said, “We believe this Fund marks a next step for Sharplink expanding its ETH treasury management strategy. While corporate strategies have historically focused solely on accumulation via capital market raises and staking of assets, we believe this represents part of a disciplined, institutional-grade allocation designed to make our ETH even more productive. This Fund underscores our conviction that ETH can serve as a productive treasury asset with potential upside for our shareholders.” Matthew Sheffield, Chief Investment Officer of Sharplink, added, “Emerging crypto protocols and projects often face a cold-start problem, while there are billions of dollars waiting to be deployed by venture funds to buy tokens or company equity. But importantly, most of this venture capital is not used to kickstart activity within the actual protocols. That initial momentum is necessary for projects to reach escape velocity. We believe this Fund can fill that gap for innovative projects building in the ecosystem and may help generate risk-managed returns for investors.” About Galaxy Galaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.6 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East and Asia.