SharpLink Gaming Generates $33M from Ether Staking and Expands Strategy
- SharpLink Gaming earned a passive yield of 10,657 Ether (approximately $33 million) from staking over the past seven months.
- The company reported that staking added about $1.4 million in value for shareholders last week.
- SharpLink has staked a total of 864,840 Ether, acquired at an average price of $3,609 per token.
- BitMine Immersion Technologies holds over $2.87 billion in staked Ether, surpassing SharpLink’s holdings.
- Morgan Stanley is entering the Ether staking space by filing to launch a spot Ether exchange-traded fund.
The growing participation of institutions in staking reflects its transition from a niche decentralized finance (DeFi) activity to a mainstream yield-generating strategy for corporations.
With SharpLink’s recent deployment of an additional $170 million into Ethereum’s Layer-2 solution Linea for restaking rewards, institutional interest in Ethereum continues to rise significantly.
