SharpLink Gaming's stock surged 5.04% during intraday trading on Monday, as investors reacted positively to the company's strategic partnership announcement with Galaxy Digital.
The companies have signed a memorandum of understanding to launch the Galaxy Sharplink Onchain Yield Fund, a private investment vehicle with $125 million in commitments. SharpLink will contribute $100 million from its staked Ethereum treasury, while Galaxy Digital will invest $25 million and serve as the investment manager.
The fund is designed to deploy capital across decentralized finance liquidity protocols and other onchain yield-generating strategies, allowing SharpLink to maintain its core Ethereum exposure while actively putting treasury assets to productive use. This partnership represents a significant step in SharpLink's strategy to generate risk-adjusted, ETH-denominated returns through active treasury management.
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