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SharpLink to Deploy $200 Million in ETH on Linea in Multi‑Year, Custody‑Backed Plan

The program targets regulated on‑chain yield via ether.fi and EigenCloud under Anchorage custody on Consensys’ zkEVM network.

Overview

  • SharpLink confirmed a phased allocation of $200 million in Ethereum to Linea over multiple years rather than a single immediate transfer.
  • The strategy seeks combined returns from native staking, restaking via EigenCloud’s Autonomous Verifiable Services, and incentives available within Linea and partner ether.fi.
  • Anchorage Digital Bank will custody and manage the deployment to align operations with public‑company controls and compliance requirements.
  • SharpLink and Consensys plan to co‑develop institutional capital‑markets tools on-chain, and SharpLink gains a governance role through the Linea Consortium.
  • The company holds roughly 859,000 ETH, making it one of the largest public ETH treasuries, a scale ConsensysJoseph Lubin says could set a model for other institutions.