- SharpLink will stake $200 million of Ether through Lido’s liquid-staking protocol.
- The move represents about 106,000 ETH, roughly 12% of the ~889,000 ETH SharpLink held as of early August.
- wstETH sits across more than 100 protocols with about $10 billion in active-use collateral, so SharpLink keeps earning yield while staying liquid.
Miami-based digital asset treasury company SharpLink said Thursday it will stake $200 million of Ethereum through Lido, the largest liquid-staking protocol. The tokens arrive as wrapped staked ETH (wstETH), a receipt token representing staked ETH plus its rewards, and Anchorage Digital will hold them in custody.
“This is an exciting expansion in making our ETH even more productive, leveraging wstETH’s composability while maintaining institutional-grade risk standards,” said Joseph Chalom, Chief Executive Officer of SharpLink in a press release. “Adding a staking protocol of Lido’s caliber deepens the diversification of our treasury strategy.”
The wrapped staking token lets SharpLink earn staking yield while staying liquid and using the position across DeFi. Consequently, the underlying ETH keeps accruing rewards, and the wrapper can be posted as collateral or traded without unstaking.
SharpLink is one of the world’s largest corporate Ethereum holders, growing its stack past 880,000 ETH worth roughly $1.68 billion earlier this year. The Lido leg adds to an existing staking and restaking book rather than replacing it.
“I’m excited to see SharpLink increasing the use of Ethereum native staking protocols and the DeFi ecosystem,” said Vasiliy Shapovalov, Executive Director, Lido Labs Foundation. “Being bullish ETH is being bullish on major Ethereum-based applications.”
“We are seeing a clear shift in how institutions hold Ethereum,” said Kean Gilbert, Head of Institutional Relations, Lido Institutional. “Treasuries want their ETH working for them without losing liquidity.”
The move lands as ETH treasury firms crowd the market. Last year, Standard Chartered reported that treasury companies bought 1% of all ETH in two months and could push that to 10%. SharpLink held 888,938 ETH as of August 3, 2026, so the Lido allocation is about 12% of the pile.
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