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via The Block · By The Block Editorial

'Favorable setup': TD Cowen sees 106% upside in Sharplink as Galaxy yield fund, broadening Ethereum demand shift risk-reward

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The Block Editorial

(01:07 PM UTC)

1 min read

Approved byJames Mitchell

0 comments

TD Cowen has restated its "buy" rating and $16 price target on Ethereum treasury firm Sharplink following the company's first quarter results, which showed revenues of over $12 million, The Block reported.

The firm's update arrived after Sharplink reported earnings and simultaneously announced a new co-managed yield fund with Galaxy Digital.

The fund targets roughly $125 million in capital, with…

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