#sharp-link

[rwatimes]

SharpLink buys 29,196 Ether worth $46.7M in Saturday OTC deals

SharpLink bought another $62.4 million in Ether over three days as ETH remained under pressure and ETF outflows extended for a seventh week.

➤ SharpLink has resumed significant Ether accumulation, purchasing approximately $62.4 million worth of ETH over three days, indicating a restart of active treasury management. ➤ These purchases occur amidst continued pressure on Ether, marked by ETF outflows and trading below SharpLink's average acquisition price, resulting in unrealized losses. ➤ Concurrently, SharpLink is supporting Ethlabs, a nonprofit focused on enhancing Ethereum's institutional readiness for assets like stablecoins and tokenized RWAs.

[rwatimes]

Assessing Galaxy Digital’s Valuation As New Onchain Yield Funds Put Galaxy Digital (NasdaqGS:GLXY) In Focus

On chain yield funds put Galaxy Digital (GLXY) in focus Galaxy Digital (NasdaqGS:GLXY) is back on investor radar after reaching an agreement with SharpLink to form the Galaxy SharpLink Onchain Yield Fund, a planned US$125 million vehicle that will target decentralized finance yield strategies. See our latest analysis for Galaxy Digital. That SharpLink fund announcement lands after a busy few weeks, with Galaxy Digital filing a US$7.77b shelf registration and a US$500m at the market equity...

➤ Galaxy Digital is gaining investor attention due to new onchain yield funds and partnerships, including a US$125 million vehicle with SharpLink targeting DeFi yield strategies. ➤ The company has also filed for significant shelf registrations and equity offerings, and is collaborating with State Street on an onchain liquidity sweep fund, indicating strategic growth initiatives. ➤ Despite recent stock price momentum and a perceived undervaluation, the article highlights potential risks related to execution and client concentration, while acknowledging the opportunities in RWA tokenization and DeFi integration.