Miami-based digital asset treasury company SharpLink said Thursday it will stake $200 million of Ethereum through Lido, the largest liquid-staking protocol on Ethereum.
The tokens arrive as wrapped staked ETH (wstETH)—a receipt token representing staked ETH plus its rewards—and Anchorage Digital will hold them in custody.
Myriad: Ethereum next price move? Click the image to make your prediction. The wrapped staking token wstETH lets SharpLink earn staking yield while staying liquid and using the position across DeFi. The underlying ETH keeps accruing rewards, and the wrapper can be posted as collateral or traded without unstaking. Lido runs a majority of all liquid-staked ETH, with roughly $16.5 billion staked through the protocol, per the announcement.
"I'm excited to see SharpLink increasing the use of Ethereum native staking protocols and the DeFi ecosystem. Being bullish ETH is being bullish on major Ethereum-based applications," said Vasiliy Shapovalov, Executive Director, Lido Labs Foundation.
The pitch to other treasuries is yield without idle capital. "We are seeing a clear shift in how institutions hold Ethereum, and SharpLink's allocation is a strong example," said Kean Gilbert, Head of Institutional Relations, Lido Institutional. "Treasuries want their ETH working for them without losing liquidity, and Lido has become the standard for doing it at scale. With wstETH, a holder of SharpLink's size can stake while keeping the flexibility its deployment strategy demands."
SharpLink held 888,938 ETH as of August 3, 2026, per its second-quarter disclosure—so the Lido allocation is about 12% of the pile.
