SharpLink Targets Gradual $200M Ethereum Allocation to Linea in Multi-Year Onchain Growth Push

SharpLink to Gradually Deploy $200M in Ether on Consensys’ Linea Network

October 29, 2025 — SharpLink Gaming (SBET) announced a multi-year plan to deploy $200 million in ether (ETH) on Consensys’ Linea, combining Anchorage Digital custody with ether.fi staking and EigenCloud restaking to generate on-chain yield under institutional safeguards.

The company described the move as a phased, risk-managed strategy to enhance the productivity of its ether treasury. Rather than an immediate transfer, SharpLink said the $200 million represents a target allocation to be executed gradually across several years.

According to the announcement, Linea’s zkEVM architecture offers low fees, faster settlement, and interoperability with Ethereum-based applications — factors SharpLink views as essential for enterprise adoption. The yield plan draws from three key sources: native ETH staking rewards, restaking opportunities through ether.fi, and ecosystem incentives tied to Linea’s partner programs.

Part of the return profile is also connected to EigenCloud, a framework built atop EigenLayer that compensates participants for securing “autonomous verifiable services,” including AI workloads anchored to Ethereum’s security model.

Custody and execution will be handled by Anchorage Digital Bank, which SharpLink said provides the governance, compliance, and audit controls required for public-company treasury management. The firm framed this as a controls-first approach balancing yield generation with institutional oversight.

SharpLink co-CEO Joseph Chalom said the initiative is designed to capture staking and DeFi returns “without compromising on operational discipline.” Consensys founder and SharpLink chairman Joseph Lubin added that Linea’s architecture aims to make ether more productive for institutional holders, suggesting the model could serve as a template for other corporate treasuries.

Looking ahead, SharpLink and Consensys plan to collaborate on developing capital markets primitives on Linea, including on-chain fundraising tools, programmable liquidity, and tokenized equity strategies. These concepts remain in early development but point toward a broader institutional DeFi roadmap.