SharpLink (SBET) has deployed $170 million worth of Ethereum for restaking services. The Ethereum treasury company is seeking to earn more rewards from staking and restaking Ethereum through a secure and regulated Anchorage Digital.
SharpLink Restake Portion of its $2.7B ETH Position
On Thursday, SharpLink announced that it deployed $170 million worth of Ether on Linea through Anchorage Digital. As such, SharpLink earns rewards from native Ethereum yields, between 3% – 4%, and restaking on EigenCloud which adds additional benefits of nearly 5% depending on the specific protocol.
SharpLink has accumulated a total of 859,853 Ether for a total cost of $3.1 billion, but the value has dropped to $2.68 billion. The company is likely to restake more of its ETH holdings to optimize its gains as a treasury company.
Bigger Picture
The restaking of $170 million worth of Ether by SharpLink is an indication of the rising demand for Ethereum by institutional investors. Joseph Chalom, CEO of SharpLink, stated that Ethereum’s productive era is at hand, catalyzed by institutional-grade protocols in 2026.
According to Joseph Lubin, co-founder of Ethereum, 2026 is the year that massive TradiFi liquidity flows to Ethereum. The fact that an institution can stake and restake Ethereum through federally regulated protocols such as Anchorage Digital, will attract more cash flow to its web3 protocols in 2026.
As such, the rising demand for ETH by institutional investors will catalyze a bullish outlook in 2026 amid an anticipated crypto bull market. Moreover, the Ethereum ecosystem will gain more regulatory clarity once the Clarity Act is enacted by President Donald Trump.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.