SharpLink Gaming (NASDAQ: SBET) and Galaxy Digital (NASDAQ: GLXY) have a growing financial and strategic relationship centered around Ethereum.

## Key People

- Joseph Lubin: Chairman of SharpLink, co-founder of Ethereum, and founder of ConsenSys.
- Michael Novogratz: CEO of Galaxy Investment Partners and former Fortress executive.
Both were roommates at Princeton University.

## SharpLink Overview

- Holds the largest ETH treasury among public companies.
- Acquired ETH using $425M from PIPE and ATM equity raises.
- Stakes nearly all ETH to earn yield and support Ethereum network.
- Benefits: staking yield, treasury diversification, network alignment.
- Risks: dilution, ETH price volatility.

## Galaxy Overview

- Holds ~813,000 SBET shares (~1.3% ownership).
- Recently expanded staking infrastructure via Fireblocks.
- Sold 16,373 ETH to SharpLink via OTC for $48.85M (no slippage, private deal).
- Listed on Nasdaq under ticker GLXY in May at $23.50/share.

## TLDR

>Lubin (ETH cofounder) is Chairman of SharpLink.
>Novogratz (Galaxy CEO) sells them ETH OTC.
>They were Princeton roommates.
>Galaxy holds SBET shares.
>Galaxy just scaled up staking infra via Fireblocks.
>SharpLink now holds more ETH than the Ethereum Foundation.

This isn’t just some random degen pivot. It’s coordinated.
SBET is setting up to be the ETH version of MSTR.
Don’t fade the connection.

>>60637881 (OP)