Analysts are bullish on this ether accumulator as crypto treasury strategies mature

Sharplink , a digital asset treasury company focused on ether , is winning favor with Wall Street analysts as it evolves how it generates returns for shareholders. The company is partnering with the crypto investment manager Galaxy Digital to help it boost yields on the ether it holds, Sharplink announced during its first-quarter financial update . A new joint fund will allocate $125 million across decentralized finance liquidity protocols and other onchain income-generating strategies. The move gives Sharplink yield opportunities beyond staking revenue – which is income investors earn by locking up ether to help secure the Ethereum network and receiving rewards in return. The company can also expand beyond its ether stockpiler role by giving investors more of an active management flavor. That echoes a theme that the original crypto accumulator, Michael Saylor's Strategy , hit on in its earnings update last week: it's time to break from Saylor's "never sell" bitcoin mantra in favor of maximizing shareholder returns through more active management. On Wednesday, Citi analyst Peter Christiansen said there's "a lot to like" about Strategy, beginning with "increasing active management." At its core, the trend is about decoupling investor returns from down or quiet markets like crypto had in the first quarter. Ether has lost 23% this year, alongside bitcoin's 8% drop over the same period. …