SharpLink Allocates $200M ETH to Linea zkEVM for ETH Yield
SharpLink Gaming, the second-largest corporate ETH holder with 859,853 ETH (US$3.57 bn), has launched a multi-year strategy to allocate $200 million of its ETH treasury (5.6% of holdings) to ConsenSys’ Linea zkEVM Layer-2 network. The deployment will leverage DeFi protocols ether.fi and EigenCloud AVS for staking and restaking to generate competitive, risk-adjusted ETH yield and benefit from Linea’s incentives. Anchorage Digital Bank will serve as custodian under an institutional-grade framework. This initiative marks one of the largest corporate DeFi yield deployments to date. The move follows ETHZilla’s $100 million ether.fi allocation, the Ethereum Foundation’s 45,000 ETH DeFi deployments, and comes as major exchanges like Coinbase and Crypto.com integrate Morpho-based DeFi strategies, underscoring growing institutional confidence in Layer-2 networks. This ETH yield deployment underscores institutional demand for scalable, high-return strategies on Layer-2 networks.
Bullish
SharpLink’s $200 million ETH yield deployment on Linea zkEVM signals strong institutional confidence in Layer-2 DeFi strategies. Locking 5.6% of its treasury for multi-year ETH yield reduces circulating supply and creates sustained demand. Following similar moves by ETHZilla and the Ethereum Foundation, this large-scale institutional allocation may drive positive sentiment and upward pressure on ETH prices in both the short and long term.