Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
ETH Miami digital asset treasury management company SharpLink announced it will pledge US$200 million in Ethereum through Lido
SharpLink, a Miami-based digital asset treasury management company, announced on Thursday that it will pledge US$200 million worth of Ethereum (ETH) through Lido, the largest liquidity pledge agreement on Ethereum. These tokens will exist in the form of encapsulated pledged Ethereum (wstETH)-a certificate token that represents pledged ETH and its proceeds and is hosted by Anchorage Digital.
Joseph Chalom, CEO of SharpLink, said in a press release: "This is an exciting expansion that allows us to leverage the composability of wstETH to make ETH more productive while maintaining institutional-level risk standards. The introduction of high-level pledge agreements such as Lido further deepens the diversification of our treasury strategy and gives us access to one of the most liquid and widely integrated assets in Ethereum DeFi. This reflects our commitment to working with the top Ethereum protocol."
Encapsulating the pledge token wstETH allows SharpLink to obtain pledge income while maintaining liquidity, and flexibly use this position in the DeFi ecosystem. The underlying ETH continues to accumulate rewards, while the encapsulated tokens can be used as collateral or directly traded without the need to release the pledge. According to the announcement, Lido manages the vast majority of liquidity pledged ETH, and the amount pledged through the agreement is approximately US$16.5 billion.
SharpLink is one of the world's largest enterprise-class Ethereum holders, and pledge has always been the core thread of its 2026 strategy. Earlier this year, the company's number of Ethereum units exceeded 880,000, worth approximately US$1.68 billion. This cooperation with Lido is a supplement to, rather than a substitute for, the existing pledge and re-pledge business.
Vasiliy Shapovalov, Executive Director of the Lido Labs Foundation, said: "I am pleased to see SharpLink increase its use of the Ethereum native pledge protocol and the DeFi ecosystem. Being optimistic about Ethereum means being optimistic about the main applications based on Ethereum."
For other treasury management companies, its appeal is that they can reap profits without having to idle funds. Kean Gilbert, head of institutional relations at Lido Institution, said: "We are witnessing a significant shift in the way institutions hold Ethereum, and the SharpLink configuration is a powerful example. The treasury department hopes that the ETH in its hands can generate revenue without losing liquidity, and Lido has become the standard for achieving this goal on a large scale. With wstETH, holders of the size of SharpLink can pledge while maintaining the flexibility they need to deploy strategies."
The move comes at a time when Ethereum Treasury Management is pouring into the market. Last year, Standard Chartered reported that treasury managers bought 1% of all ETH in two months and may push that to 10%-boosting demand for the asset SharpLink is now using. As the largest corporate treasury of Ethereum, Tom Lee's Bitmine holds approximately US$11 billion in Ethereum and plans to ultimately control at least 5% of the total ETH supply.
According to SharpLink's second-quarter disclosure, as of August 3, 2026, the company held 888,938 ETH units-so the share allocated to Lido this time accounted for approximately 12% of its total.
