TLDR
- SharpLink Gaming plans to deploy $200 million in ether on Consensys’ Linea layer-2 network over multiple years
- The company will generate yields through ether.fi staking, EigenCloud restaking, and Linea partner incentives
- All assets will be held and managed through Anchorage Digital Bank under institutional custody controls
- SharpLink is one of the largest publicly traded holders of Ethereum
- The partnership includes plans to develop capital markets tools on Linea, including on-chain capital raises and tokenized equity strategies
SharpLink Gaming announced plans to deploy $200 million in ether on Consensys’ Linea network. The deployment will take place over multiple years as part of a phased treasury strategy.
The company holds one of the largest Ethereum positions among publicly traded firms. SharpLink will use the deployment to generate yields from multiple sources while maintaining institutional custody standards.
The strategy centers on Linea, a layer-2 scaling solution built on Ethereum. Linea uses zkEVM technology to provide faster transactions and lower fees than the Ethereum mainnet.
SharpLink will custody all assets through Anchorage Digital Bank. The company described this arrangement as aligned with public company treasury requirements and stockholder governance expectations.
Multiple Yield Sources
The deployment combines three yield streams. First, SharpLink will earn native Ethereum staking rewards on deposited ether.
Second, the company will access staking and restaking through ether.fi. Ether.fi operates as a liquid staking protocol on Ethereum.
Third, SharpLink expects to receive incentives from Linea and partner programs. These incentives form part of Linea’s strategy to attract institutional capital to the network.
The company also plans to use EigenCloud services. EigenCloud is built on EigenLayer and pays rewards for securing services that use Ethereum’s security layer.
SharpLink Co-CEO Joseph Chalom said the goal is to access DeFi yields while maintaining institutional safeguards. The company emphasized that the $200 million represents a target allocation over time, not an immediate transfer.
Consensys founder Joseph Lubin serves as SharpLink’s chairman. Lubin said Linea aims to make ether deployments more productive for institutional holders.
Capital Markets Development
SharpLink and Consensys plan to develop capital markets infrastructure on Linea. The roadmap includes on-chain capital raises, programmable liquidity tools, and tokenized equity strategies.
These products are planned for future development. The companies did not provide launch dates for specific tools.
SharpLink is a member of the Linea Consortium. The consortium includes firms and projects working to distribute LINEA token rewards and drive network adoption.
Chalom previously discussed the deployment plans before the September launch of the LINEA token. He told reporters that holding billions of dollars in ether creates opportunities for staking strategies on layer-2 networks.
The company framed the deployment as a way to make its treasury more productive. SharpLink said Linea’s design supports composability with the broader Ethereum ecosystem.
The deployment will follow risk-managed procedures. SharpLink emphasized that all operations will maintain controls aligned with public company standards and stockholder expectations.
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