SharpLink will stake $200M of ETH through Lido's wstETH to generate yield on its holdings.
DeFi & Yields ·
SharpLink, a Miami-based digital asset treasury company, will stake $200 million of Ethereum through Lido's liquid-staking protocol, representing approximately 12% of its holdings as of early August. The staked ETH will be received as wrapped staked ETH (wstETH), a receipt token that accrues staking rewards while remaining composable across DeFi protocols. Anchorage Digital will provide custody for the tokens.
The move allows SharpLink to generate yield on its Ethereum treasury without sacrificing liquidity. wstETH is integrated across more than 100 protocols with roughly $10 billion in active collateral, enabling SharpLink to use the position across decentralized finance while the underlying ETH continues accruing rewards. The staking allocation supplements rather than replaces SharpLink's existing staking and restaking positions.
The transaction reflects a broader institutional shift toward productive asset deployment. SharpLink holds approximately 889,000 ETH as of early August, making the Lido allocation part of a deliberate treasury strategy centered on staking. What remains unclear is whether other major ETH treasury holders will pursue similar strategies or how this move may influence broader adoption of liquid-staking tokens among institutional holders.