SharpLink Gaming generated 10,657 Ether (ETH) worth $33 million in staking rewards over the past seven months, marking a shift toward yield-generating treasury strategies among public companies.
The Nasdaq-listed firm holds 864,840 ETH valued at approximately $2.7 billion as the second-largest corporate Ethereum holder.
SharpLink deployed an additional $170 million worth of Ether on Ethereum layer-2 network Linea on Thursday, combining native staking yields with restaking rewards.
What Happened
SharpLink's staking operation added approximately $1.4 million in value over the past week, according to company disclosures.
The firm announced its multi-year staking initiative in October, custodied through Anchorage Digital Bank with institutional-grade safeguards.
The $170 million Linea deployment layers native Ethereum staking returns between 3-4% with additional restaking rewards approaching 5% from EigenCloud and partner protocols.
BitMine Immersion Technologies, the largest corporate Ether holder with 4.14 million ETH, has staked 659,219 tokens worth $2.1 billion as of January 4.
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Why It Matters
Investment bank Morgan Stanley filed Wednesday to launch a spot Ethereum ETF incorporating staking yield.
The filing represents mainstream adoption of proof-of-stake rewards by traditional finance.
Corporate treasuries are treating Ethereum as a productive asset rather than passive holdings, generating recurring income through network participation.
SharpLink acquired its Ether holdings at an average price of $3,609 per token, currently trading near $3,100.
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