365int
SharpLink Gaming just dropped $2 million more into Ethereum staking, using something called lsETH. That’s a bold move—bringing their total ETH stake to over 165,000. Their holdings in lsETH now hit about $458 million.
Their stock price? Up nearly 30%, hitting $11.98 today. Looks like investors love this strategy.
Why lsETH?
With lsETH, SharpLink gets staking rewards without locking up their crypto. That means they stay flexible and can move their money around fast. It’s like earning interest without tying your hands.
What’s the Bigger Play?
SharpLink is going full throttle on Ethereum. Most of its crypto stash is in lsETH. A few crumbs in ETH, CROAK, DAI, and BNB—but lsETH is the main game.
They’re not just sitting on their assets. Wallet data shows SharpLink actively staking and shifting funds. No lazy treasury management here.
Institutional Trend?
This isn’t just SharpLink. More big companies are jumping into Ethereum staking. Why? Because it gives rewards without the pain of long lock-up periods.
The Price Push
Staking big chunks of ETH removes it from circulation. Less ETH around = higher demand = potential price boost. Simple math.
So far, this aggressive staking move is paying off. The question is—will they keep going?
