Public companies and crypto-focused treasury firms are turning to staking for passive income. Sharplink Gaming generated $33 million in passive yield from staking operations in the past seven months. Staking allows investors to earn passive income by committing tokens to proof-of-stake networks. SharpLink continues to stake 100% of its ETH, adding $1.4 million in shareholder value last week.

SharpLink deployed $170 million in Ether on Ethereum’s layer-2 scaling solution Linea for additional restaking rewards. The structure combines Ethereum staking returns with Linea’s incentives. The initiative is custodied by Anchorage Digital Bank, the qualified custodian for SharpLink. BitMine Immersion Technologies also increased staking activity, with over 936,512 staked Ether worth $2.87 billion.

Institutions like Morgan Stanley are moving into Ether staking to capture additional yield. The growing institutional participation indicates that cryptocurrency staking is evolving from a niche DeFi experiment to a mainstream yield-generating strategy. The trend is attracting more corporations to explore staking opportunities for passive income.

Read more at CoinTelegraph: Sharplink Pockets $33M From Ether Staking, Deploys Another $170M