SharpLink deploys $400 million in Ethereum via Lido and Ether.fi

SharpLink has deployed $400 million in Ethereum across the liquid staking protocol Lido and the restaking protocol Ether.fi. This move marks a significant transition for the company from passive accumulation to active on-chain deployment to generate yield.

The strategy involves two primary components: $200 million was deployed via Lido to receive wrapped staked ETH (wstETH), and an additional $200 million was moved to the Linea network to be restaked via EigenCloud. This structure is designed to capture layered returns from restaking service yields and ecosystem incentives on an Ethereum Layer 2 network.

SharpLink reported holding approximately 888,938 ETH as of August 3, 2026, noting that staking rewards alone have generated an equivalent of 27,945 ETH, valued at roughly $75 million. The company’s assets are held in custody with Anchorage Digital to provide the auditability and operational controls required for institutional treasuries.