SharpLink (Nasdaq: SBET), the second-largest corporate holder of Ethereum, said it deployed $170 million worth of ETH on Linea as part of its $200 million crypto treasury strategy announced last fall.
The transaction shifts ETH from a passive balance-sheet holding into productive capital deployed on Ethereum-native infrastructure under defined frameworks for risk, custody, and compliance. The deployment took place on Linea, an Ethereum Layer-2 network positioned for institutional-scale activity by combining Ethereum security with lower costs and higher throughput. The structure included qualified custody and infrastructure partners, including Anchorage Digital, ether.fi, and EigenCloud, according to the companies.
Linea leadership said the deployment reflects the type of institutional participation the network aims to support, and highlighted the role of Layer-2 networks as an execution layer for more complex on-chain strategies. SharpLink leadership framed the initiative as an early step toward broader institutional engagement with decentralized finance at scale.
Source: Statements from SharpLink and Linea
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