SharpLink Stakes $200M in Ethereum via Lido for Yield

SharpLink, a Nasdaq-listed company trading under the ticker SBET, has allocated $200 million of its Ethereum treasury to be staked through the Lido protocol, a move designed to generate yield while maintaining liquidity. The company announced the strategy on August 13, 2026, stating it will receive wrapped staked ETH, or wstETH, representing the staked assets and their accumulated rewards. The tokens will be held in custody with Anchorage Digital, an institutional-grade digital asset custodian.

The allocation represents a significant expansion of SharpLink's existing onchain yield program. By using Lido's liquid staking solution, the company can stake its ETH without surrendering the flexibility to deploy the tokenized wstETH across decentralized finance applications. This structure allows the underlying ETH to continue securing the Ethereum network and earning staking rewards, while the wstETH token can potentially be used in other DeFi protocols to generate additional yield.

SharpLink CEO Joseph Chalom said the move is part of a broader effort to maximize the productivity of the company's Ethereum holdings for shareholders. He stated the allocation expands the company's...