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SharpLink Deploys $400 Million in Corporate Ether to Lido and Ether.fi

SharpLink has officially deployed $400 million of its corporate Ether treasury across decentralized protocols Lido and Ether.fi. The strategic allocation marks a shift from passive treasury holding to active yield generation, locking up roughly 28% of the company's approximately $1.4 billion in total ETH assets. The completed deployment expands upon an earlier plan outlined in August to stake $200 million via Lido. Staked assets received through the Lido allocation, specifically wrapped staked Ether, are being held under institutional custody with Anchorage Digital.

Category

Ethereum

Sentiment

Bullish

Event

Crypto native

Reading time

1 min