Sharplink Pockets $33M From Ether Staking, Deploys Another $170M

Sharplink Gaming, the second-largest corporate Ether holder, generated $33 million (10,657 ETH) in passive yield from its staking operations over the last seven months, reinforcing its strategy of holding 100% ETH and staking it all. The company recently deployed another $170 million worth of Ether into the Ethereum layer-2 scaling solution Linea to pursue additional restaking rewards, combining native staking returns with incentives from Linea and related protocols. This initiative, custodied by Anchorage Digital Bank, is part of a multi-year strategy. The increasing institutional adoption of Ether staking, also seen with BitMine and Morgan Stanley's ETF filings, signals that staking is becoming a normalized yield-generating strategy for corporations.

(Source：Cointelegraph)