Nasdaq-listed SharpLink (SBET) has announced plans to stake $200 million worth of Ethereum (ETH) through Lido, the largest liquid staking protocol on the Ethereum network. The company will receive wrapped staked ETH (wstETH), while Anchorage Digital, an institutional-grade custodian, will hold the assets.
The move extends SharpLink's existing staking and restaking treasury strategy and is designed to maintain ETH exposure while generating additional on-chain yield and preserving liquidity. CEO Joseph Chalom said the allocation expands treasury productivity while maintaining institutional-grade risk standards, and that Lido deepens diversification and connects the company with major Ethereum-native protocols.
Kean Gilbert, head of Lido Institutional, noted that the arrangement reflects a broader change in how institutions hold Ethereum, as treasuries increasingly seek productive assets that remain flexible enough for wider deployment strategies. Lido currently has roughly $16.5 billion of ETH staked, while wstETH is integrated across more than 100 protocols and has about $10 billion actively used as collateral.
The use of a regulated custodian such as Anchorage Digital adds compliance and security and may appeal to other corporations considering similar strategies. By staking through Lido, SharpLink avoids running its own validators and retains liquidity through a widely integrated liquid staking token, combining baseline staking income with DeFi composability.
