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Get filing alertsRisk Profile Improvements
- Asset Impairment (new) — The company recorded a $191.7 million impairment charge on its LsETH holdings during Q1 2026.
Sharplink reports $685.6M Q1 loss on crypto impairments, announces $125M DeFi fund with Galaxy
Filed May 11, 2026 · Period ending May 11, 2026 · ~1 min read
Key Changes
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Q1 2026 net loss of $685.6M driven by $506.7M unrealized crypto losses and $191.7M impairment on LsETH holdings; revenue rose to $12.1M from $0.7M year-over-year on ETH staking strategy.
Exhibit 99.1 verify on EDGAR → -
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Entered non-binding agreement with Galaxy Digital to form $125M onchain yield fund, deploying $100M from Sharplink's staked ETH treasury and $25M from Galaxy into DeFi protocols.
Item 7.01 — Regulation FD Disclosure verify on EDGAR → -
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ETH treasury holdings increased to 872,984 ETH as of May 4, 2026, with 18,800 ETH in total staking rewards since June 2025 inception; crypto assets totaled $1.7B on GAAP basis at quarter-end.
Exhibit 99.1 verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Generated by AI · Jun 25, 2026 11:39 AM