TLDR:
- SharpLink will stake $200M in ETH through Lido, receiving wstETH in return.
- Anchorage Digital will custody SharpLink’s staked wstETH position going forward.
- Lido holds roughly $16.5B in staked ETH, the largest liquid staking protocol.
- wstETH integrates across 100+ protocols, with $10B used as active collateral.
SharpLink, the second-largest corporate holder of Ethereum, will stake $200 million worth of ETH through Lido, the largest liquid staking protocol on the network.
The Nasdaq-listed company will receive wstETH, a token representing the staked ETH and its accumulated rewards, with Anchorage Digital serving as custodian.
The move expands SharpLink’s ongoing strategy to generate additional yield from its Ethereum treasury while retaining liquidity across decentralized finance applications and platforms.
SharpLink Expands ETH Treasury Strategy With Lido Allocation
SharpLink announced the $200 million staking allocation on August 13, 2026, describing it as part of a broader effort to make its Ethereum holdings more productive for shareholders.
The company has pursued staking and restaking approaches throughout the year, and the new Lido allocation adds another layer to that ongoing framework.
By staking through Lido, SharpLink gains exposure to Ethereum’s native staking rewards without giving up access to its capital.
The company will receive wstETH in return for its staked ETH. This token tracks both the underlying asset and the rewards it accumulates over time.
Because wstETH remains usable across decentralized finance platforms, SharpLink can theoretically deploy the token elsewhere while its ETH continues earning staking rewards in the background.
Joseph Chalom, Chief Executive Officer of SharpLink, commented on the rationale behind the allocation. “This is an exciting expansion in making our ETH even more productive, leveraging wstETH’s composability while maintaining institutional-grade risk standards,” Chalom said. He added that the move “reflects our commitment to working with the top Ethereum protocols.”
Anchorage Digital was selected to custody the staked position, giving SharpLink a regulated framework for holding its wstETH.
The arrangement is consistent with SharpLink’s broader approach of pairing large ETH allocations with institutional-grade infrastructure providers across its treasury operations.
Lido’s Scale and Institutional Reception Shape the Deal
Lido currently holds roughly $16.5 billion worth of ETH staked through its protocol, making it the dominant liquid staking platform on Ethereum today.
Its wstETH token is integrated across more than 100 separate protocols throughout the broader ecosystem. Approximately $10 billion worth of wstETH is actively used as collateral or deployed in other onchain applications.
Vasiliy Shapovalov, Executive Director of the Lido Labs Foundation, welcomed SharpLink’s decision to expand its use of Ethereum staking protocols.
“Being bullish ETH is being bullish on major Ethereum-based applications,” Shapovalov said, linking confidence in ETH to confidence in the applications built on top of it.
Kean Gilbert, Head of Institutional Relations at Lido Institutional, described a broader shift underway among corporate treasuries.
“Treasuries want their ETH working for them without losing liquidity, and Lido has become the standard for doing it at scale,” Gilbert said.
He noted that SharpLink’s allocation shows how a holder of its size can stake “while keeping the flexibility its deployment strategy demands.”
