Consensys-backed SharpLink Gaming has taken a significant step to strengthen its position in the Ethereum ecosystem by deploying and staking $170 million worth of Ethereum (ETH) on the Linea network.
The company, which trades on Nasdaq under the ticker symbol SBET, stated that this move is the final stage of its strategy aimed at achieving higher and optimized returns from large-scale ETH holdings.
SharpLink, in a post on its X platform, described this structure as a “first-of-its-kind enhanced yield model.” The model combines Ethereum’s native staking yields with restaking rewards provided through EigenCloud and direct incentives offered by Linea and Ether.fi.
All storage and security processes are handled by Anchorage, a company providing enterprise-level services. The company emphasized that this structure is the “most efficient way to hold ETH, supported by enterprise infrastructure.”
SharpLink CEO Joseph Chalom described 2026 as the beginning of a “productivity era” for Ethereum, noting that this period marks a significant leap in the network’s adoption curve. This $170 million move is a continuation of the company’s previously announced plan to stake a total of $200 million worth of ETH through restaking partners connected to Linea.
SharpLink, which initiated a crypto-focused transformation in mid-2025, currently holds the second-largest institutional Ethereum treasury in the market with approximately 864,840 ETH. The company announced that it has earned a total of 10,657 ETH in staking rewards to date, equivalent to approximately $33 million at current prices. SharpLink shares rose 1.38% in the last trading day and have increased by over 12% in the last five days.
On the other hand, Bitmine, the company with the largest ETH treasury in the sector, has also accelerated its staking activities. According to on-chain data, Bitmine staked approximately $577 million worth of additional ETH, further intensifying institutional competition in the Ethereum staking race.
*This is not investment advice.