SharpLink Will Stake $200M of Ethereum By Lido's wstETH – Decrypt

Miami-based digital asset treasury firm SharpLink stated Thursday it is going to stake $200 million of Ethereum via Lido, the biggest liquid-staking protocol on Ethereum.

The tokens arrive as wrapped staked ETH (wstETH)—a receipt token representing staked ETH plus its rewards—and Anchorage Digital will maintain them in custody.

“That is an thrilling growth in making our ETH much more productive, leveraging wstETH’s composability whereas sustaining institutional-grade danger requirements,” stated Joseph Chalom, Chief Government Officer of SharpLink in a press launch. “Including a staking protocol of Lido’s caliber deepens the diversification of our treasury technique and provides us entry to some of the liquid and broadly built-in belongings in Ethereum DeFi. It displays our dedication to working with the highest Ethereum protocols.”

The wrapped staking token wstETH lets SharpLink earn staking yield whereas staying liquid and utilizing the place throughout DeFi. The underlying ETH retains accruing rewards, and the wrapper will be posted as collateral or traded with out unstaking. Lido runs a majority of all liquid-staked ETH, with roughly $16.5 billion staked via the protocol, per the announcement.

SharpLink is without doubt one of the world’s largest company Ethereum holders, and staking has been the through-line of its 2026 technique. The agency grew its stack previous 880,000 ETH, price roughly $1.68 billion, earlier this 12 months. The Lido leg provides to an current staking and restaking e book somewhat than changing it.

“I am excited to see SharpLink rising the usage of Ethereum native staking protocols and the DeFi ecosystem. Being bullish ETH is being bullish on main Ethereum-based purposes,” stated Vasiliy Shapovalov, Government Director, Lido Labs Basis.

The pitch to different treasuries is yield with out idle capital. “We’re seeing a transparent shift in how establishments maintain Ethereum, and SharpLink’s allocation is a robust instance,” stated Kean Gilbert, Head of Institutional Relations, Lido Institutional. “Treasuries need their ETH working for them with out dropping liquidity, and Lido has turn out to be the usual for doing it at scale. With wstETH, a holder of SharpLink’s dimension can stake whereas holding the pliability its deployment technique calls for.”

The transfer lands as ETH treasury companies crowd the market. Final 12 months, Commonplace Chartered reported that treasury firms purchased 1% of all ETH in two months and will push that to 10%, a bid that lifts spot demand for the very asset SharpLink is now placing to work. Tom Lee’s Bitmine, the biggest Ethereum company treasury, holds about $11 billion price of Ethereum with plans to ultimately management no less than 5% of ETH’s whole provide.

SharpLink held 888,938 ETH as of August 3, 2026, per its second-quarter disclosure—so the Lido allocation is about 12% of the pile.