Consensys-backed Ethereum treasury firm SharpLink deploys $200 million in ETH on Linea Layer 2
SharpLink will deploy $200 million of its ETH treasury on the Linea Layer 2 network for yield generation via staking and restaking.Summary
SharpLink (ticker SBET), an Ethereum treasury firm backed by Consensys, is deploying $200 million worth of its ETH stockpile into onchain yield-generating strategies on the Linea Layer 2 network. The deployment will utilize institutional-grade staking and restaking services provided by ether.fi and EigenCloud, with qualified custodian Anchorage Digital overseeing the process. SharpLink stated this move leverages Linea's infrastructure to optimize onchain yield securely and scalably. EigenCloud's participation will allow SharpLink to engage in emerging sectors like verifiable AI and trustless infrastructure. SharpLink is a significant ETH treasury holder, possessing approximately 860,000 ETH tokens, and the Minnesota-based firm also plans to tokenize its SBET shares on Ethereum.
(Source：The Block)