SharpLink staked 42,074 ETH valued at about $112.8 million on September 29, expanding its corporate ether treasury, according to Lookonchain. The latest transfers moved ETH from SharpLink-linked wallets into Lido’s wstETH referral staking contracts, bringing tracked holdings to 892,127 ETH worth roughly $2.4 billion. Cumulative staking rewards reached 27,945 ETH, valued at about $75 million. The deposit is consistent with SharpLink’s policy of keeping nearly all of its ether productive through native validators and liquid staking tokens, rather than idle on its balance sheet. SharpLink launched its ETH treasury strategy on June 2, 2025, and measures performance primarily by ETH per share. The company reported $11.2 million in staking revenue in the second quarter of 2026 despite a large paper loss linked to ether price movements. It has also established a $125 million Galaxy Sharplink Onchain Yield Fund and uses institutional custody arrangements including Anchorage.