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Ethereum Firm Sharplink Posts $686 Million Loss, Kicks Off $125M Yield Fund With Galaxy
Key takeaways
- The loss is significantly greater than the same period last year, when the firm reported a net loss of just $1 million.
- "Generating risk-adjusted, ETH-denominated returns through active treasury management is the foundation of everything we do at Sharplink," said Sharplink CEO Joseph Chalom, in a statement.
- The firm also saw an increase in revenues, jumping from less than $1 million during Q1 last year to more than $12 million in 2026, thanks to its staked Ethereum treasury.
Ethereum Firm Sharplink Posts $686 Million Loss, Kicks Off $125M Yield Fund With Galaxy Logan Hitchcock Mon, May 11, 2026 at 11:11 PM GMT+7 2 min read ETH-USD Publicly traded Ethereum treasury firm Sharplink announced a net loss of nearly $686 million in Q1, almost $507 million of which it attributed to unrealized losses from its Ethereum treasury.
The loss is significantly greater than the same period last year, when the firm reported a net loss of just $1 million.
"Generating risk-adjusted, ETH-denominated returns through active treasury management is the foundation of everything we do at Sharplink," said Sharplink CEO Joseph Chalom, in a statement.
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