Crypto public companies and treasury firms are increasingly turning to staking as a source of passive income.
Sharplink Gaming, the world’s second-largest corporate holder of Ether (ETH), has generated 10,657 Ether ($33 million) in passive profit from its staking operations over the past seven months, according to company data. panel.
Staking allows investors to earn passive income by committing their tokens to secure proof-of-stake blockchain networks.
At current prices, SharpLink said its staking activity added about $1.4 million to shareholder value last week. “Our thesis remains unchanged: 100% ETH and 100% stake,” the company says he said in a post on X on Wednesday.
Related: BitMine Buys $105M Ether for Early 2026, Still Holds $915M in Cash
SharpLink extends its profit-oriented strategy
The company announced that SharpLink has deployed another $170 million worth of Ether to Linea’s Layer 2 Ethereum scaling solution for additional Ether reuse rewards. Thursday.
SharpLink said the structure combines Ethereum’s native staking returns with re-staking rewards and incentives from Linea and related protocols.
In October, SharpLink announced a multi-year initiative backed by institutional-grade security through Anchorage Digital Bank, a qualified SharpLink custodian.
Institutions are normalizing profits from cryptocurrency staking
BitMine Immersion Technologies, the largest corporate holder of Ether, also increased its staking activity, surpassing 936,512 Ether staked as of Thursday, worth about $2.87 billion.
In comparison, SharpLink staked a total of 864,840 Ether, representing the company’s entire stake, acquired at an average price of $3,609 per token, the company’s dashboard shows.
Related: $11 Billion Bitcoin Whale Sells $330 Million ETH, Opens Huge $748 Million Long Positions in Top Cryptocurrencies
On Wednesday, Cointelegraph reported that more institutions are starting to invest in Ether staking, including investment banking giant Morgan Stanley, which has applied to launch an Ether-traded fund to gain additional yield from staking.
The growing institutional participation signals that cryptocurrency staking is growing from a niche experiment in decentralized finance (DeFi) to a profit-generating strategy for corporations.
Warehouse: Sharplink CEO shocked by the level of BTC and ETH farming in ETFs – Joseph Chalom
