SharpLink deployed $170 million of Ethereum on Lineaconverting a portion of its treasury into an active yield strategy that combines staking, liquid restaking and restaking incentives. The move is part of a broader $200 million crypto treasury plan announced in autumn 2025 and aims to turn idle ETH holdings into diversified, ETH‑denominated returns.
SharpLink structured the allocation as a layered yield program rather than simple staking. The company combined native Ethereum staking rewards with direct Linea incentives, liquid restaking via ether.fi and enhanced restaking rewards through EigenCloud. That architecture is intended to preserve liquidity while increasing capital efficiency and return sources.
Linea, a Layer‑2 zkEVM developed by ConsenSys, provides the execution layer for the program by linking Ethereum mainnet security with higher throughput and lower fees, a combination SharpLink and its partners said is necessary for institutional‑scale DeFi participation.
Declan Fox, Head of Linea, framed the deployment as reflecting “what Linea is designed to enable: institutional‑scale participation in Ethereum that combines productivity, security, and credibility.”
Partners, safeguards and risk profile
The deployment relied on a defined partner stack: Linea for execution; ether.fi for liquid restaking (issuing liquid tokens to maintain on‑chain liquidity); EigenCloud to capture additional restaking rewards and secure Autonomous Verifiable Services (AVSs); and Anchorage Digital Bank as qualified custodian to meet institutional security and compliance requirements. The arrangement was presented as bridging traditional custodian standards with DeFi primitives.
Company leadership framed the allocation as a shift toward productive treasury management. Joseph Chalom, described in the coverage as SharpLink’s chief executive, called the move a defining moment for institutional crypto treasury management, arguing it lets the firm “access Ethereum’s best staking and DeFi yields while maintaining the security and compliance expected by our stockholders.”
The coverage that accompanied the deployment highlighted potential upsides—greater capital efficiency and a blueprint for other corporate treasuries—but also cautioned the strategy carries sector‑specific risks. The arrangement depends on smart‑contract interactions across Layer‑2 and restaking protocols, which can amplify both returns and operational exposures.
Investors and market observers will now watch whether deployments like SharpLink’s increase liquidity and stabilize yields on Ethereum and Layer‑2 networks.
