SharpLink intends to stake $200 million worth of Ether using Lido’s liquid-staking service.
This amounts to approximately 106,000 ETH, representing about 12% of the roughly 889,000 ETH SharpLink held in early August.
The wstETH token is utilized across over 100 protocols with roughly $10 billion in active collateral, allowing SharpLink to earn yield while maintaining liquidity.
SharpLink, a Miami‑based digital asset treasury firm, announced on Thursday that it will stake $200 million of Ethereum via Lido, the leading liquid‑staking protocol on the network.
The staked Ether will be received as wrapped staked ETH (wstETH), a receipt token that reflects the staked amount plus accrued rewards, with Anchorage Digital providing custodial services.
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“This is an exciting step toward making our Ether holdings more productive, using wstETH’s composability while upholding institutional‑grade risk standards,” said Joseph Chalom, CEO of SharpLink, in a press release. “Integrating Lido’s staking protocol enhances the diversification of our treasury strategy and provides access to one of the most liquid and broadly adopted assets in Ethereum DeFi. It underscores our dedication to collaborating with leading Ethereum protocols.”
The wstETH token enables SharpLink to earn staking yields while remaining liquid and deploying the position across DeFi. The underlying Ether continues to generate rewards, and the wrapper can be used as collateral or traded without needing to unstake. Lido accounts for a majority of all liquid‑staked Ether, with approximately $16.5 billion currently staked via the protocol, according to the announcement.
SharpLink ranks among the world’s largest corporate holders of Ethereum, and staking has been a cornerstone of its 2026 strategy. Earlier this year the firm increased its holdings beyond 880,000 ETH, valued at about $1.68 billion. The Lido allocation complements an existing staking and restaking portfolio rather than supplanting it.
“I am pleased to see SharpLink expanding its use of Ethereum’s native staking protocols and the broader DeFi ecosystem,” said Vasiliy Shapovalov, Executive Director of the Lido Labs Foundation. “Being bullish on Ether equates to being bullish on the major applications built on Ethereum.”
“The pitch to other treasuries centers on generating yield without leaving capital idle. “We are observing a clear shift in how institutions manage their Ethereum holdings, and SharpLink’s allocation serves as a strong example,” said Kean Gilbert, Head of Institutional Relations at Lido Institutional. “Treasuries want their Ether to work for them while preserving liquidity, and Lido has become the benchmark for achieving this at scale. With wstETH, an entity the size of SharpLink can stake its assets while retaining the flexibility required by its deployment strategy.”
The move comes as Ethereum treasury firms increasingly populate the market. Last year, Standard Chartered reported that treasury companies acquired 1% of all Ether within two months and could expand that to 10%, boosting spot demand for the very asset SharpLink is now deploying. Tom Lee’s Bitmine, the largest corporate Ethereum treasury, holds roughly $11 billion worth of Ether and aims to eventually control at least 5% of the total supply.
SharpLink reported holding 888,938 ETH as of August 3, 2026, in its second‑quarter disclosure, meaning the Lido allocation represents roughly 12% of that total.
