SharpLink Gaming now holds over 165,000 ETH, valued at $458 million, primarily staked using the liquid staking token lsETH.
The company’s stock surged 28 percent, reaching $11.98, following the announcement of its additional $2 million lsETH purchase.
SharpLink’s active treasury and Ethereum-heavy crypto strategy reflect institutional confidence in liquid staking and DeFi flexibility.
SharpLink Gaming has increased its Ethereum position by staking another $2 million in lsETH. This move has brought its total Ethereum holdings to approximately $458 million. The additional stake pushes the company further into the ranks of top Ethereum participants, according to on-chain data from Arkham.
Following this strategic move, SharpLink’s stock price rose sharply by 28 percent. It reached $11.98 during the trading session, up by $2.63 in a single day. The increase in trading volume reflects higher market interest, possibly driven by investor confidence in the company’s blockchain investment approach.
Over 165,000 ETH Now Staked by SharpLink Gaming
The latest transaction brings SharpLink’s total Ethereum staked to over 165,000 ETH. Most of this is held in lsETH, which allows the company to earn staking rewards while maintaining liquidity. This method offers flexibility for future DeFi moves without requiring asset lock-up.
While SharpLink holds small positions in DAI, CROAK, BNB, and around $1,700 worth of ETH, the company’s crypto strategy remains heavily focused on Ethereum. On-chain data shows active wallet management, with funds being moved and reallocated in recent hours, indicating a hands-on treasury strategy.
Liquid Staking Strategy Gains Institutional Traction
SharpLink’s use of lsETH aligns with a growing trend among institutional investors seeking exposure to Ethereum without sacrificing liquidity. Unlike traditional staking, liquid staking allows for the use of staked assets in other decentralized applications while still earning rewards.
Chairman Joseph Lubin recently hinted that the firm may adopt a strategy similar to MicroStrategy’s Bitcoin approach, using Ethereum as a key treasury reserve. The consistent accumulation and smart staking methods highlight SharpLink’s growing commitment to Ethereum’s long-term potential.
SharpLink Gaming’s latest move has strengthened its crypto portfolio and signaled continued support for Ethereum’s ecosystem. The firm’s active staking efforts, use of liquid staking tokens, and market reaction through its rising stock price reflect its growing role in the digital asset space.
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