Sharplink ends Ethereum asset management deals

Sharplink, Inc. has mutually agreed to end its external Ethereum asset management arrangements with Galaxy Digital Capital Management LP and ParaFi Capital LP.

Rhea-AI Filing Summary

Sharplink, Inc. has mutually agreed to end its external Ethereum asset management arrangements with Galaxy Digital Capital Management LP and ParaFi Capital LP. The asset management agreements, originally signed on May 30, 2025, will terminate effective May 31, 2026, with no termination fees or penalties.

After termination, neither side will have ongoing obligations beyond amounts set in the termination agreements. Sharplink notes the decision reflects its evolution, including adding internal asset management personnel, and states it did not arise from any disagreement with Galaxy or ParaFi.

8-K Event Classification

Item 1.02 — Termination of a Material Definitive Agreement

1 item

Item 1.02 Termination of a Material Definitive Agreement Business

A significant contract was terminated, which may affect business operations or revenue.

Key Figures

Termination effective date: May 31, 2026 Original agreement date: May 30, 2025 Form type: Form 8-K +1 more

4 metrics

Termination effective date May 31, 2026 Date the Galaxy and ParaFi asset management agreements end

Original agreement date May 30, 2025 Date both Ethereum asset management agreements were signed

Form type Form 8-K Current report describing termination of asset management agreements

No termination fees None Company owes no termination fees or penalties to Galaxy or ParaFi

Key Terms

asset management agreement, discretionary investment management services, Ether (“ETH”) treasury strategy, termination fees or penalties, +1 more

5 terms

asset management agreement financial

"mutual termination of that certain asset management agreement by and between the Company and Galaxy"

An asset management agreement is a legal contract between an asset owner and a professional manager that sets out how investments will be handled, what the manager is allowed to buy or sell, the fees and performance rules, reporting requirements, and how either party can end the relationship. For investors it matters because those terms determine costs, decision-making authority, risk limits and incentives—similar to hiring a property manager for your investments—and directly influence returns and accountability.

discretionary investment management services financial

"for certain discretionary investment management services with respect to the Company’s purchase of Ethereum"

Ether (“ETH”) treasury strategy financial

"supporting the initial implementation of the Company’s Ether (“ETH”) treasury strategy"

termination fees or penalties financial

"the Company is not required to pay Galaxy or ParaFi any termination fees or penalties"

material relationship regulatory

"There is currently no material relationship between the Company or its affiliates and Galaxy and ParaFi"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Sharplink (SBET) announce regarding Galaxy and ParaFi?

Sharplink mutually agreed with Galaxy Digital and ParaFi Capital to terminate their Ethereum asset management agreements. These arrangements covered discretionary investment management of the company’s Ether holdings as part of its treasury strategy and will end under mutually agreed terms set in separate termination agreements.

When will Sharplink’s asset management agreements with Galaxy and ParaFi end?

Sharplink’s asset management agreements with Galaxy and ParaFi, both originally dated May 30, 2025, will terminate effective May 31, 2026. After that date, neither side will have ongoing obligations beyond those specified in the mutual termination agreements covering the wind-down terms.

Does Sharplink owe any termination fees to Galaxy or ParaFi?

Sharplink is not required to pay any termination fees or penalties to Galaxy or ParaFi in connection with ending the Ethereum asset management agreements. Only the amounts explicitly provided for in the mutual termination agreements themselves will remain payable between the parties.

Why is Sharplink ending its Ethereum asset management agreements?

Sharplink explains that ending the Ethereum asset management agreements reflects the company’s continued evolution, including hiring internal asset management personnel. It states the decision was not due to any disagreement with Galaxy or ParaFi and that it values their support in launching its Ether treasury strategy.

Will Sharplink keep any relationship with Galaxy or ParaFi after termination?

Sharplink states there is currently no material relationship between the company or its affiliates and Galaxy or ParaFi beyond the termination arrangements. Once the mutual termination agreements are fully effective, ongoing obligations will be limited to amounts explicitly set out in those agreements only.

Where can investors find the full Sharplink termination agreements?

Sharplink plans to file the full text of the termination agreements with Galaxy and ParaFi as exhibits to its Quarterly Report on Form 10-Q for the quarter ending March 31, 2026. Investors can review those exhibits once that quarterly report is publicly available.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/03/2026 - 05:15 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 3, 2026

SHARPLINK, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-41962		87-4752260
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

200 S. Biscayne Boulevard, Floor 20, Miami, Florida		33131
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (612) 293-0619

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading symbol		Name of each exchange on which registered
Common Stock, $0.0001 per share		SBET		The Nasdaq Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.02 Termination of a Material Definitive Agreement.

On April 3, 2026, Sharplink, Inc., a Delaware corporation (the “Company”) entered into a mutual termination agreement (the “Galaxy Termination Agreement”) with Galaxy Digital Capital Management LP (“Galaxy”) in connection with the mutual termination of that certain asset management agreement by and between the Company and Galaxy, dated May 30, 2025, for certain discretionary investment management services with respect to the Company’s purchase of Ethereum (the “Galaxy Asset Management Agreement”). Pursuant to the Galaxy Termination Agreement, the Galaxy Asset Management Agreement will be terminated effective May 31, 2026.

On April 3, 2026, the Company also entered into a mutual termination agreement (the “ParaFi Termination Agreement” and together with the Galaxy Termination Agreement, the “Termination Agreements”),with ParaFi Capital LP (“ParaFi”) in connection with the mutual termination of that certain asset management agreement between ParaFi and the Company, dated May 30, 2025, for certain for certain discretionary investment management services with respect to the Company’s purchase of Ethereum (the “ParaFi Asset Management Agreement, and, together with the Galaxy Asset Management Agreement, the “Asset Management Agreements”). Pursuant to the ParaFi Termination Agreement, the Galaxy/ParaFi Asset Management Agreement will be terminated effective May 31, 2026.

Neither the Company nor Galaxy or ParaFi shall have any remaining or future obligations or commitments to the other party under the Asset Management Agreements other than those amounts pursuant to the Termination Agreements. Further, the Company is not required to pay Galaxy or ParaFi any termination fees or penalties in connection with the mutual termination of the Asset Management Agreements.

The Company appreciates the collaborative relationships it developed with Galaxy and ParaFi and values their respective contributions to supporting the initial implementation of the Company’s Ether (“ETH”) treasury strategy. The decision to enter into the Termination Agreements reflects the Company’s continued evolution, including the addition of internal asset management personnel, and was not the result of any disagreement with either Galaxy or Parafi.

The foregoing descriptions of the Termination Agreements are not complete and are qualified in its entirety by reference to the full text of the Termination Agreements, copies of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ending March 31, 2026.

There is currently no material relationship between the Company or its affiliates and Galaxy and ParaFi.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 3, 2026	SHARPLINK, INC.
	/s/ Joseph Chalom
	Joseph Chalom
	Chief Executive Officer

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL SCHEMA FILE 2.9 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB