Overview
- The transaction fulfills most of SharpLink’s previously announced plan to allocate up to $200 million of ETH to Linea.
- Assets remain under qualified custody with Anchorage Digital, with EtherFi and EigenCloud providing staking and re-staking infrastructure.
- Expected returns include native ETH staking plus re-staking rewards via EigenCloud and incentives from EtherFi and Linea.
- Shares of SBET rose about 1.4% on Thursday but are down roughly 37% over the past six months.
- Linea’s total value locked has fallen about 89% from a $1.64 billion peak since its token launch in September, providing context for network incentives.