Sharplink Deploys $170 Million ETH Into Linea, Kicks off Ethereum’s ‘Productive Era’

CN
1 day ago

Sharplink (SBET), the second-largest ether-based digital asset treasury (DAT) company, has announced a new capital deployment to keep diversifying its yield sources.

The company recently announced that it had deployed $170 million worth of ETH on Linea, Consensys’ layer 2 rollup, in a first-of-its-kind enhanced yield arrangement. This strategy combines native Ethereum staking rewards with restaking yield from Eigencloud and direct incentives from Linea and ether.fi, under the custody of Anchorage Digital.

“This is the most productive way to hold ETH with institutional-grade infrastructure. That’s the SharpLink edge,” the company declared.

The move can yield an additional $10 million from the $170 million deployed, according to Milkroad, and depending on its results, can also push other companies to implement similar strategies to increase income from staked cryptocurrencies.

This is the belief of Joseph Chalom, CEO of Sharplink, as he stated that 2026 marked the beginning of “Ethereum’s ‘productive era’ and a major step function in its adoption curve,” stressing that this is what “institutional-grade productivity” looked like.

In October, Sharplink announced that it would be moving $200 million worth of ETH to Linea, hinting at this development. At that time, Chalom stated that it would give Sharplink access to “the best of Ethereum’s staking, restaking and DeFi yield, while maintaining the institutional safeguards our stockholders expect.”

Sharplink currently holds 859,853 ETH according to its last registered purchase announcement on October 21. At that time, Sharplink’s stash was valued at nearly $3.5 billion. The company also revealed that it has accrued 10,657 ETH through staking since launching its ether treasury strategy in June, with 438 ETH received during the first week of January.

Read more: Digital Asset Treasury Firm Sharplink Moves $200M ETH to Linea in Institutional DeFi Push

  • What recent investment has Sharplink announced regarding its ether-based digital asset treasury?
    Sharplink has deployed $170 million worth of ETH on Linea, aiming to diversify its yield sources through an enhanced yield arrangement.
  • What innovative strategy is Sharplink utilizing for its ETH holdings?
    The strategy combines Ethereum staking rewards, restaking yield from Eigencloud, and direct incentives from Linea and ether.fi, all under Anchorage Digital’s custody.
  • What potential earnings does Sharplink anticipate from this move?
    This capital deployment is projected to generate an additional $10 million, potentially encouraging other companies to adopt similar strategies.
  • How much ETH does Sharplink currently hold, and what has been its staking performance?
    Sharplink holds 859,853 ETH, valued at nearly $3.5 billion, and has accrued 10,657 ETH through staking since launching its ether treasury strategy in June.

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