Sharplink pockets $33M from Ether staking, deploys another $170M ETH
Corporate crypto treasuries are increasingly turning to Ether staking, as companies like SharpLink generate recurring yield from onchain operations.
Public companies and crypto-focused treasury firms are increasingly turning to staking as a source of passive income.
Sharplink Gaming, the world’s second-largest corporate Ether (ETH) holder, generated 10,657 Ether ($33 million) in passive yield on its staking operations during the past seven months, according to the company’s dashboard.
Staking allows investors to earn passive income through committing their tokens to secure proof-of-stake blockchain networks.