SharpLink Stakes $170M in ETH on Linea Layer-2 Blockchain
Ethereum treasury firm SharpLink Gaming has deployed and staked $170 million worth of Ethereum on Linea, the layer-2 blockchain from Consensys. This deployment represents the latest phase in SharpLink's strategy to optimize yield from its substantial Ethereum holdings through a first-of-its-kind enhanced yield structure.
The arrangement layers native Ethereum staking yield with restaking rewards from EigenCloud, plus direct incentives from Linea and Ether.fi. Custody is handled by Anchorage. CEO Joseph Chalom stated that 2026 marks the beginning of Ethereum's 'productive era' and a major step function in its adoption curve.
SharpLink shares closed up 1.38% at $10.28 on Nasdaq on Thursday, rising 12.6% over the past five days but remaining down 39.7% over the past six months.