The digital asset treasury firm will stake 106,000 ETH via Lido, representing 12% of its holdings, to earn yield while maintaining liquidity.
SharpLink will stake $200 million of Ether through Lido’s liquid-staking protocol, converting the assets into wrapped staked ETH (wstETH). The move involves roughly 106,000 ETH, or 12% of the company’s approximately 889,000 ETH holdings as of early August.
Lido’s wstETH is used as collateral across over 100 protocols, with about $10 billion in active-use positions. The token allows SharpLink to earn staking rewards while retaining liquidity, as the underlying ETH continues accruing yield without requiring unstaking.
The firm’s CEO, Joseph Chalom, stated the decision reflects a strategy to enhance treasury productivity and diversification. Anchorage Digital will custody the wstETH, aligning with institutional risk standards.