SharpLink (Nasdaq: SBET), the second-largest company holder of Ethereum, mentioned it deployed $170 million value of ETH on Linea as a part of its $200 million crypto treasury technique introduced final fall.
The transaction shifts ETH from a passive balance-sheet holding into productive capital deployed on Ethereum-native infrastructure beneath outlined frameworks for threat, custody, and compliance. The deployment happened on Linea, an Ethereum Layer-2 community positioned for institutional-scale exercise by combining Ethereum safety with decrease prices and better throughput. The construction included certified custody and infrastructure companions, together with Anchorage Digital, ether.fi, and EigenCloud, in response to the businesses.
Linea management mentioned the deployment displays the kind of institutional participation the community goals to assist, and highlighted the function of Layer-2 networks as an execution layer for extra complicated on-chain methods. SharpLink management framed the initiative as an early step towards broader institutional engagement with decentralized finance at scale.
Supply: Statements from SharpLink and Linea
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