SharpLink Gaming to Deploy $200M in Ether on Consensys’ Linea for On-Chain Yield Strategy

SharpLink Gaming (NASDAQ: SBET) has unveiled a multi-year plan to deploy up to $200 million in ether (ETH) on Consensys’ Linea, a Layer 2 zkEVM network designed for scalability and institutional-grade DeFi applications. The initiative, managed through Anchorage Digital Bank custody, leverages ether.fi and EigenCloud to optimize on-chain yield while maintaining strong compliance and governance frameworks.

According to SharpLink, this phased and risk-managed program aims to make its ether treasury more productive by combining staking, restaking, and incentive-based yield streams. The company highlighted that Linea’s zkEVM technology enables faster transactions, lower fees, and seamless interoperability with Ethereum’s ecosystem—key requirements for institutional operations.

The yield strategy integrates several components. First, SharpLink plans to generate returns from native ETH staking. Second, it will utilize ether.fi for access to staking and restaking opportunities characterized as institutional-grade solutions. Third, the company expects additional incentives from Linea’s ecosystem programs and partners.

In parallel, EigenCloud, a service suite built on EigenLayer, will allow SharpLink to earn rewards by securing “autonomous verifiable services,” including AI-focused workloads that inherit Ethereum’s security model.

Custody and execution will be handled by Anchorage Digital, described as a qualified custodian well-suited for publicly traded companies. SharpLink emphasized that its approach aligns yield generation with transparency, compliance, and shareholder protection.

Co-CEO Joseph Chalom said the initiative aims to unlock staking and DeFi returns “without sacrificing safeguards.” Joseph Lubin, founder of Consensys and chairman of SharpLink, added that Linea’s infrastructure can make institutional ETH deployments more efficient and potentially inspire broader adoption.

SharpLink and Consensys also plan to co-develop capital markets tools on Linea, including tokenized equity and programmable liquidity products—positioning the firm at the forefront of institutional DeFi innovation.