Sharplink, Inc. 8-K

What Happened Sharplink, Inc. announced on April 3, 2026 that it entered into mutual termination agreements with Galaxy Digital Capital Management LP and ParaFi Capital LP to terminate the parties’ asset management agreements for discretionary Ethereum (ETH) investment management. The original Asset Management Agreements were dated May 30, 2025; the terminations are effective May 31, 2026. The Company says the decision reflects its addition of internal asset management personnel and was not due to any disagreement with Galaxy or ParaFi.

Key Details

• Termination agreements signed April 3, 2026; termination effective May 31, 2026.
• Asset Management Agreements originally dated May 30, 2025 and covered discretionary ETH purchase management.
• No termination fees or penalties payable by Sharplink to Galaxy or ParaFi.
• After termination, neither Sharplink nor Galaxy/ParaFi will have remaining or future obligations under the Asset Management Agreements except as set forth in the termination agreements; copies of the termination agreements will be filed as exhibits to Sharplink’s 10-Q for the quarter ended March 31, 2026.
• Company states there is currently no material relationship between Sharplink (or its affiliates) and Galaxy or ParaFi.

Why It Matters This confirms Sharplink is moving ETH treasury management in-house by terminating external asset managers, which may reduce third-party management costs and give the company direct control over its ETH strategy. For investors, the filing clarifies that the transitions are mutual, involve no termination penalties, and do not reflect a dispute — key facts for assessing any near-term cost or operational impact.