- SharpLink used Lido to stake an additional 42,074 ETH, or roughly $112.8 million.
- ETH holdings are approximately $2,892.
- The total incentives from staking reached 27,945 ETH, or almost $75 million. SharpLink reported $11.2 million in staking revenue for Q2 2026.
Nasdaq-listed SharpLink Gaming (SBET) is continuing to expand its Ethereum treasury strategy, with on-chain data showing the company staked another 42,074 ETH on September 29.
SharpLink Gaming(@Sharplink) staked another 42,074 $ETH($112.8M) today.
SharpLink now holds 892,127 $ETH($2.4B) and has earned 27,945 $ETH($75M) in staking rewards.https://t.co/e3GO6yzUE7 pic.twitter.com/3MrwSD2ds8
— Lookonchain (@lookonchain) September 29, 2026
Blockchain analytics platform Lookonchain reported that the latest allocation was worth around $112.8 million at the time of the transaction. The move brings SharpLink’s tracked Ethereum holdings to 892,127 ETH, valued at roughly $2.4 billion.
SharpLink’s cumulative staking rewards have also reached 27,945 ETH, worth approximately $75 million based on the same valuation.
SharpLink Adds More ETH To Its Staking Strategy
The latest transactions tracked on Arkham show ETH moving from SharpLink-linked wallets into Lido’s wstETH referral staking contracts.
The move fits SharpLink’s broader strategy of keeping most of its Ethereum holdings productive rather than leaving the assets idle on its balance sheet.
SharpLink launched its Ethereum treasury strategy on June 2, 2025. Since then, the company has raised significant capital to build its ETH position and has increasingly focused on Ethereum holdings and ETH per share as key measures of treasury performance.
SharpLink’s public ETH dashboard tracks its holdings, staking rewards and other treasury metrics on a weekly basis.
The company previously reported 27,945 ETH in cumulative staking rewards as of September 22, following a weekly increase of 413 ETH. The latest on-chain data indicates that the September 29 transaction involved additional staking of existing ETH rather than a newly announced purchase.
Staking Becomes A Major Part Of SharpLink’s Treasury
SharpLink uses a combination of native validators and liquid staking assets, including LsETH and weETH. The company has also expanded its use of Lido as part of its institutional staking strategy.
Staking has become an increasingly important source of revenue for the company. SharpLink reported $11.2 million in staking revenue during the second quarter of 2026, even as changes in Ethereum’s market price contributed to a significant paper loss.
The company has also explored ways to generate additional yield from its Ethereum holdings. In May, SharpLink and Galaxy Digital announced a $125 million institutional on-chain yield fund, consisting of $100 million from SharpLink and $25 million from Galaxy Digital.
Joseph Lubin, Ethereum co-founder and Consensys chief, serves as SharpLink’s chairman, while CEO Joseph Chalom previously worked at BlackRock in digital assets. Chalom has said SharpLink stakes nearly all of its Ethereum holdings.
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