SharpLink Deploys $200M ETH Stake Through Lido

Nasdaq-listed SharpLink has announced plans to stake $200 million of Ether through Lido, expanding its strategy for generating returns from its corporate Ethereum treasury.

The company will receive wstETH in return and hold it with Anchorage Digital, adding Lido to its existing institutional staking and restaking strategy.

This allocation comes days after SharpLink reported holding 888,938 ETH equivalents as of August 3, with staking already becoming its main revenue source, producing $11.2 million of its $11.5 million in second-quarter revenue.