SharpLink ETH staking expands $200M through Lido amid rough quarter
SharpLink is putting a fresh $200 million of Ether to work, and this time it’s routing the money through Lido instead of its usual staking partners. The Ethereum treasury company plans to stake that sum and receive wstETH tokens in return, a move that expands its SharpLink ETH staking strategy just as the firm works through a rough quarter marked by a sharp Ether price drop and a large noncash accounting charge.
Key takeaways
- SharpLink plans to stake $200 million of ETH through Lido, receiving wstETH tokens that will be held in custody by Anchorage Digital.
- The allocation equals roughly 106,000 ETH, about 12% of the company’s 888,938 ETH holdings reported as of Aug. 3.
- Lido controls with $17.9 billion representing the aggregate value secured and 50.6% comprising the monitored liquid-staking TVL, with a supply APY of 2.2%, according to DefiLlama.
- SharpLink reported staking revenue in Q2 2026 but also booked a $76.1 million noncash impairment on its LsETH and weETH holdings.
- CEO Joseph Chalom says Lido’s composability lets SharpLink layer additional yield sources on top of its existing ETH exposure.
SharpLink’s New $200 Million ETH Stake with Lido
SharpLink is adding a new staking route on top of the ones it already runs, and the dollar figures show just how sizable this single move is. Using Kraken’s displayed ETH price of $1,889.84 at the time of the disclosure, the $200 million commitment translates into roughly 106,000 ETH — about 12% of the 888,938 ETH the company reported holding as of Aug. 3.
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