The move follows Anchorage Digital’s integration of wstETH last month, which extended institutional access to Lido’s liquid staking product for firms already using the custodian. Sharplink described the allocation as the next step in making its ETH treasury more productive for shareholders rather than simply holding the asset passively.

Under the structure, Sharplink’s ETH is staked through the Lido middleware, which pools assets across a distributed set of node operators running Ethereum validators. In return, Sharplink receives wstETH, a rebasing token that accrues staking rewards automatically. Unlike native validator staking, which subjects new entrants to Ethereum’s validator entry queue and a lock-up period, staking through Lido begins accruing rewards immediately. Sharplink can redeem wstETH through Lido’s withdrawal mechanism, sell it on secondary markets, or post it as collateral across DeFi protocols.

Joseph Chalom, chief executive officer of Sharplink, said the allocation leverages wstETH’s composability while maintaining institutional-grade risk standards, and that adding Lido deepens the diversification of the company’s treasury strategy.

Kean Gilbert, head of institutional relations at the Lido Ecosystem Foundation, said treasuries increasingly want their ETH working for them without surrendering liquidity, and described Lido as the standard for liquid staking at scale.

Sharplink’s move is part of a discernible trend among publicly listed companies holding significant digital asset reserves. Bitmine recently reported that roughly 87 per cent of its total ETH holdings are now in staked form. BNY has announced a collaboration with Galaxy to add staking to its institutional digital asset custody platform. Across the Ethereum network, over a third of all circulating ETH is currently staked, according to on-chain data published on Dune Analytics.

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