SharpLink Plans $200M ETH Deployment on Consensys’ Linea Over Multiple Years

Core Insights - SharpLink Gaming plans to deploy $200 million in ether on Consensys' Linea over multiple years, utilizing Anchorage custody with ether.fi and EigenCloud to seek on-chain yield [1][2] Investment Strategy - The plan is framed as a phased, risk-managed program aimed at making the ether treasury "more productive" on a Layer 2 solution aligned with Ethereum [2] - The strategy combines multiple yield streams, including earning native staking returns on ether, accessing staking and restaking through ether.fi, and expecting incentives from Linea and partner programs [3] Technology and Infrastructure - Linea's zkEVM design is highlighted for offering faster settlement, lower fees, and composability with the broader ecosystem, which are seen as prerequisites for institutional workflows [2] - Part of the return profile is linked to EigenCloud, which provides services that reward for securing "autonomous verifiable services," including AI-related workloads [4] Custody and Compliance - Custody and execution will be managed through Anchorage Digital Bank, described as a qualified custodian suitable for public-company treasury operations, emphasizing a controls-first approach [5] - The goal is to unlock staking, restaking, and DeFi incentives while maintaining safeguards [6] Future Developments - SharpLink outlined a broader roadmap with Consensys to co-develop capital-markets "primitives" on Linea, including on-chain capital raises, programmable liquidity tools, and tokenized equity strategies, which are future initiatives [7]