SharpLink Allocates $200M to Lido for Ethereum Staking

SharpLink has allocated $200 million of its Ethereum holdings to Lido, a liquid staking protocol, as part of a broader institutional shift toward earning staking income without sacrificing liquidity. This move reflects a growing connection between public-company balance sheets and Ethereum's on-chain economy.

The company will stake $200 million of ETH through Lido and receive wstETH, the wrapped version of Lido's staked ETH, which will be held with Anchorage Digital for institutional custody. According to CEO Joseph Chalom, this allocation makes ETH 'more productive' while maintaining institutional-grade risk standards.

Lido has roughly $16.5 billion of ETH staked through its protocol, and its wstETH is integrated across more than 100 protocols, with about $10 billion used as collateral. This gives institutions liquid staking exposure without operating validators.