SharpLink to Invest $200M in ETH on Linea for DeFi Yields
- SharpLink Gaming plans to deploy $200 million worth of ETH on Consensys’ Linea network.
- The initiative aims to leverage Linea’s zkEVM layer-2 infrastructure for generating on-chain yield.
- SharpLink is the second-largest corporate holder of ETH, holding approximately 859,853 ETH valued at about $3.57 billion.
- The deployment represents roughly 5.6% of SharpLink’s total treasury assets.
- The investment will be managed under institutional safeguards by Anchorage Digital Bank.
This strategic move reflects a growing trend among corporations and institutions utilizing DeFi strategies to enhance their asset yields, following similar actions by other major players in the Ethereum ecosystem.
With this deployment, SharpLink aims to optimize its holdings while contributing to decentralized finance initiatives, marking a significant step in corporate engagement with blockchain technology. (Source)
