Ethereum News Today: SharpLink Pivots Staking Strategy to Fuel Ethereum’s Future

SharpLink Gaming, Inc. (Nasdaq: SBET) has announced plans to explore staking a portion of its $3.6 billion Ethereum (ETH) holdings on the Ethereum layer-2 network Linea. This decision aligns with the company’s broader strategy to optimize its digital asset portfolio while supporting Ethereum’s ecosystem. Joseph Chalom, co-CEO of SharpLink, emphasized the importance of diversifying staking strategies as the company matures. Currently, the firm stakes nearly all its ETH through custodians like Anchorage and Coinbase, but it is now evaluating Linea-based staking opportunities to pursue higher risk-adjusted yields [3].

The Linea network, set to launch on September 10, is one of the most anticipated Ethereum layer-2 solutions. SharpLink is a founding member of the Linea Consortium, a group that will steward 75% of the LINEA token distribution. Chalom stated that the firm is “mission-aligned” with the consortium’s goals, noting that the network’s token launch will “bootstrap” the ecosystem by directing over 80% of the supply toward on-chain projects. The company’s involvement underscores a strategic commitment to Ethereum’s long-term growth and the development of its layer-2 infrastructure [3].

Chalom further highlighted that staking on Linea could offer enhanced returns compared to existing staking mechanisms. The company’s rationale is rooted in its belief that supporting Ethereum-aligned projects, like Linea, will ultimately drive up the price of ETH. “By driving high-quality activity to these kinds of projects, it should, in turn, also drive up the price of Ethereum,” he explained. This approach reflects a broader trend among major ETH holders, who are increasingly exploring alternative staking mechanisms to maximize yields while contributing to Ethereum’s network security and adoption [3].

In addition to staking strategy updates, SharpLink has continued to expand its ETH holdings, with total holdings reaching 837,230 ETH as of August 31, 2025. The company’s treasury strategy has been marked by consistent purchasing and staking rewards, with total staking rewards increasing to 2,318 ETH since the strategy’s inception on June 2. The company’s ETH Concentration metric, a measure of its exposure to ETH relative to diluted shares, has also risen significantly, from 3.59 in early August to 3.94 by late August, reflecting a 97% increase [1].

The company’s capital deployment has remained active, with $46.6 million in net proceeds raised through its At-the-Market (ATM) facility in the week ending August 31. The average purchase price for ETH during the week was $4,531, adding 39,008 ETH to its holdings. These actions reflect a disciplined approach to capital allocation and treasury management, which the company has consistently emphasized as part of its strategy to enhance shareholder value [1].

The strategic shift toward layer-2 staking also aligns with broader industry trends. The Ethereum ecosystem has seen growing interest in alternative staking mechanisms, with nearly 36 million ETH currently staked across the network. Staking has become a core component of Ethereum’s value proposition, offering yield to investors while also strengthening the network’s security. As institutional adoption continues to rise, with ETFs now holding $24 billion in ETH, the demand for high-yield staking options is expected to grow further [4].

Source:

[1] SharpLink Announces Total ETH Holdings Rise to 837,230 as Staking Rewards Increase (https://investors.sharplink.com/sharplink-eth-holdings-837230-staking-rewards-aug-2025/)

[2] Blackwell RTX Comes to GeForce NOW Sept. 10 (https://blogs.nvidia.com/blog/geforce-now-thursday-sept-2025/)

[3] SharpLink Will Explore Staking Portion of $3.6 Billion Ethereum Holdings on Linea (https://finance.yahoo.com/news/sharplink-explore-staking-portion-3-162046340.html)

[4] Three Reasons Why Ethereum's Price Is Seen to Be Heading for a Surge (https://finance.yahoo.com/news/three-reasons-why-ethereum-price-154336373.html)