Overview
- The $170 million allocation executes most of SharpLink’s previously announced plan to deploy up to $200 million of its ETH treasury on Linea.
- Anchorage Digital, ether.fi and EigenCloud supported the transaction with qualified custody and infrastructure.
- The structure combines native ETH staking rewards with EigenCloud re-staking plus incentives from EtherFi and Linea.
- SharpLink and Linea executives describe the setup as a template for institutions seeking compliant, on-chain treasury management.
- Shares of SBET rose about 1.4% on the announcement, but the stock remains well below October levels as Linea’s TVL has dropped roughly 89% from a September peak near $1.64 billion to about $186 million.