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SharpLink, Inc. (NASDAQ:SBET) is one of the best Ethereum stocks to buy now. On April 3, SharpLink, Inc. (NASDAQ:SBET) disclosed in an SEC Form 8-K filing that it had ended ParaFi Capital LP and Galaxy Digital Capital Management LP’s roles as discretionary managers of the company’s Ethereum treasury. The mutual termination arrangements will be effected as from May 31, 2026.

Photo by Austin Distel on Unsplash

SharpLink originally signed these two arrangements on May 30 last year just days after it had raised $425 million in a private placement. The company had then announced ETH as its primary treasury reserve asset. In other words, the company brought in Galaxy and ParaFi from the very start to manage what was then a brand new crypto treasury strategy.

According to the SEC filing, the terminations were not triggered by any disagreement with either firm. Instead, SharpLink said it was bringing Ethereum treasury management fully in-house as part of its own internal evolution.

Separately, on March 11, Citizens lowered its price target on SharpLink to $40 from $50 while keeping its Market Outperform rating intact. The firm anchored the new $40 target to approximately 1.5 times its Q2 2027 estimated modified net asset value of $26.07. This estimate bakes in an Ethereum price of around $6,000 by Q2 2027, which is roughly three times where ETH was trading at the time of the note.

SharpLink, Inc. (NASDAQ:SBET), formerly SharpLink Gaming, Inc., is a digital assets company focused on accumulating Ethereum treasury. The company holds millions of ETH on its balance sheet and actively stakes these holdings to generate yield while supporting the network’s proof-of-stake validation.

While we acknowledge the potential of SBET as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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