Oh, look! SharpLink Gaming Inc. (NASDAQ: SBET), a company that somehow manages to hold more ETH than your average crypto bro, has decided to do something daring: deploy $200 million worth of ETH onto Linea, a Layer-2 network built by Consensys. Because nothing says “I trust this” like spreading it out over years while hoping DeFi doesn’t collapse. Again.
This multi-year rollout is all about “making ETH productive,” which is just a fancy way of saying “let’s gamble with institutional-grade crypto while pretending we’re not terrified.” They’ll dabble in DeFi, play with staking, and maybe even survive. Fingers crossed.
SharpLink’s ‘I Trust Ethereum’ Moment 🤞
According to the press release, they’ll use Linea’s zkEVM tech (read: “we’re using fancy math to make money”) and partner with Anchorage Digital Bank, the bank for when you want to trust someone else with your crypto. Because why not?
The investment strategy includes:
- Native staking yield: Because why let your ETH collect dust when it can collect rewards?
- Restaking rewards from EigenCloud: A.k.a. “We’re reinvesting our gains into something even more confusing.”
- Partner incentives: Because if ether.fi and Linea are throwing money at you, why not?
“This deployment enables us to access the best of Ethereum’s staking, restaking, and DeFi yield,” said Co-CEO Joseph Chalom, who’s either a genius or a man with a very expensive coffee table book about blockchain. Either way, he’s definitely on a first-name basis with the word “institutional.”
NEW: SharpLink plans to deploy $200M of $ETH on @LineaBuild through a collaboration with @ether_fi, @eigenlayer, and @Anchorage.
Through this partnership, SharpLink will now access enhanced $ETH-denominated yield from:
– Native staking yield
– Direct incentives from Linea and…
The Big Boys Club 🏛️
This collaboration brings together Consensys, Eigen Labs, ether.fi, and Anchorage Digital-basically the Avengers of blockchain, minus the capes and the good ideas. Joseph Lubin, Ethereum co-founder and probably the most excited about this, said, “Ethereum is becoming the programmable foundation for a new generation of financial markets.” Because nothing says “foundation” like a network that rewrites its rules every six months.
Mike Silagadze, CEO of ether.fi, said they’re “proud” to help SharpLink. Because nothing says “pride” like staking other people’s money. Congrats, Mike. You’re doing great.
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2025-10-28 19:34