Sharplink Q1 revenue exceeds $12 million, eyes ETH yield

Sharplink reported first-quarter 2026 revenue of $12.1 million, a significant increase from $742,000 in the prior year, driven primarily by staking income from its treasury strategy. The company, which holds the second-largest public Ethereum treasury with 872,984 ETH, is expanding beyond traditional ether staking into other onchain yield strategies. A new partnership with Galaxy Digital is set to deploy approximately $125 million into onchain liquidity and DeFi opportunities, signaling a strategic shift towards broader digital asset engagement.