SharpLink, a Nasdaq listed company, plans to stake 200 million Ethers through Lido. It will then hold this wrapped staked Ether with Anchorage Digital. This is part of its plan for increasing returns on its Ethereum corporate treasury.
You can read more about it here:
- SharpLink intends to stake 200 million ETH via Lido in order to receive wstETH.
- Anchorage Digital is now the custodian of wstETH. SharpLink will continue to use its existing strategy for institutional stakes and restaking.
- SharpLink’s latest quarterly report shows that the company held 888 938 ETH on August 3.
- Lido has reported that over $16.5 billion in ETH is staked, and about 100 protocol integrations are wstETH.
- SharpLink’s shares rose by 2.3% to $6.32 on Thursday, and ETH was trading at $1.625 in the after-hours of that same day.
The company made the announcement on August 13th, but failed to disclose any transaction hashing or timetable that would show the deployment was complete.
SharpLink had reported that it held 888,938 Ethereum and its equivalents on Aug. 3rd. Its latest quarterly filing The second quarter’s revenue of $11.5 millions was largely derived from shows stakes, which accounted for $11.2 million.
SharpLink Lido is now available without purchasing another $200M in ETH
SharpLink is not announcing that it would purchase $200,000,000 more ETH. The deal represents a deployment from SharpLink’s Ethereum treasury. The company is going to put ETH into Lido. It will receive wstETH which is an ERC-20 ERC-20 token that represents a percentage of ETH staked via the protocol.
WstETH is not like stETH in that it does NOT increase the token balance when rewards are accrued. The exchange value of wstETH against stETH will change. According to Lido, this design is easier to incorporate into DeFi apps that don’t support token rebasing. documentation.
Lido reports that approximately $16.5 billion in ETH are currently staked via its protocol. Its liquid staking asset is integrated with over 100 protocols, and around $10 billion has been actively used for collateral or other applications. SharpLink is yet to name the DeFi protocol that it plans to use wstETH on.
Anchorage Digital adds a custody layer to your strategy
Anchorage Digital is now the custodian of SharpLink’s WstETH. Anchorage has a July agreement with Lido that allows institutional clients to mint and redeem their wstETH using the custody platform. Anchorage Digital Bank, a national trust bank chartered by the OCC, is a digital banking institution.
Lido allocation is a new addition to a strategy of the treasury that includes liquid staking (liquid staking), native staking (native staking) and restaking. SharpLink allocated $200 million of ETH Linea restaking programmes involving EigenCloud, ether.fi. The company committed an additional $100 million. Galaxy-managed $125 million onchain yield fund.
SharpLink CEO Joseph Chalom stated that the Lido allotment would increase SharpLink’s Eth. “even more productive” The company will have access to the DeFi Integrations of wstETH. These returns aren’t guaranteed. Lido’s own warnings state that the stake reward can be variable and there are risks associated with smart contracts, withdrawing funds, liquidity and markets.
U.S. Rules give liquid staking more clarity but a limited pathway
It is important to note that the regulatory environment in the United States also applies to Nasdaq listed company. Staff from SEC Corporation Finance stated in August 2025, that depending on the structure and facts of certain liquid staking agreements, they do not constitute securities transactions. The statement The staff guidelines are not rules of the Commission and do not apply to all liquid staking models.
SharpLink’s holdings of liquid staking tokens also have accounting consequences. SharpLink recorded an impairment of $76.1m on its existing LsETH/weETH positions in the second quarter. These charges, as previously reported by SharpLink, contributed to SharpLink’s $394.3 million second-quarter net loss. SharpLink is yet to disclose the classification of its new wstETH positions.
SharpLink $200M: What’s next?
Next, ETH will be moved into Lido. Anchorage Digital will receive wstETH. SharpLink did not reveal a schedule for token deployment, a staking strategy or a staking expectation in its announcement.
SharpLink’s shares traded last at $6.32 in the U.S. on August 13, an increase of about 2.27% over the previous close. The staking plans were announced just before U.S. sessions. ETH traded at around $1,625. The price changes coincided, but they do not prove the cause of either.
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Source: crypto.news
