SharpLink deploys $170 million in ETH on Linea after generating $33 million in staking rewards

Source: Yellow Original Title: SharpLink Deploys $170 Million in ETH on Linea After Generating $33 Million in Staking Rewards

Original Link: SharpLink Gaming generated 10,657 Ether (ETH) worth $33 million in staking rewards over the past seven months, marking a shift towards treasury strategies focused on yield generation among publicly traded companies.

The company listed on Nasdaq holds 864,840 ETH valued at approximately $2.7 billion, making it the second-largest corporate holder of Ethereum.

SharpLink deployed an additional $170 million in Ether on Ethereum’s Layer 2 network, Linea, combining native staking yields with restaking rewards.

What happened

SharpLink’s staking operation added approximately $1.4 million in value over the past week, according to company disclosures.

The firm announced its multi-year staking initiative in October, under the custody of Anchorage Digital Bank with institutional-level safeguards.

The deployment of $170 million on Linea sums the native Ethereum staking yields, around 3‑4%, with additional restaking rewards close to 5% from EigenCloud and associated protocols.

BitMine Immersion Technologies, the largest corporate holder of Ether with 4.14 million ETH, has staked 659,219 tokens worth $2.1 billion as of January 4.

Why it matters

The investment bank Morgan Stanley filed an application to launch a spot Ethereum ETF that incorporates staking yields.

The application signifies widespread adoption of proof-of-stake rewards by traditional finance.

Corporate treasuries are treating Ethereum as a productive asset rather than a passive holding, generating recurring income through network participation.

SharpLink acquired its Ether holdings at an average price of $3,609 per token, which is currently trading near $3,100.