NasdaqCM:SBETHospitality
Why Sharplink (SBET) Is Down 18.7% After Massive Q1 Loss and New Onchain Yield Fund
In May 2026, Galaxy Digital Inc. and Sharplink Inc. entered a non-binding memorandum of understanding to form the Galaxy Sharplink Onchain Yield Fund, LP, committing US$100 million from Sharplink’s staked Ethereum treasury and US$25 million from Galaxy alongside Sharplink’s release of first-quarter 2026 results showing revenue of US$12.06 million and a very large increase in net loss to US$685.56 million year over year.
The planned fund highlights a pivot toward actively managed onchain...