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SharpLink Gaming to Stake Part of $3.6 Billion Ethereum Treasury on Linea

The company plans to deploy funds on the Linea network following its mainnet launch on September 10, according to Cointelegraph.

ETH

Summary

SharpLink Gaming (SBET) announced plans to stake a portion of its $3.6 billion Ethereum treasury on the Linea network. The move is set to follow Linea’s mainnet launch on September 10, according to Cointelegraph.

Terms & Concepts
  • Staking: The process of locking up cryptocurrency holdings to support blockchain network operations in return for rewards.
  • Ethereum Treasury: A large reserve of Ether (ETH) held by an organization, often used for investment or operational strategies.
  • Linea Network: A blockchain network that recently launched its mainnet, enabling staking and decentralized applications.