Sharplink will pledge $200 million in ETH through Lido

Sharplink, an ETA Treasury company, listed in NASDAQ, announced that it would pledge $200 million worth of ETH through a loan agreement of the nature of the movement of the Taifeng, in order to improve the ability of the company to derive its ETH assets. Sharplink states that after this pledge, the company will be given a cover pledge for ETH (wstETH) on behalf of ETH and its proceeds and will be hosted by the institutional digital asset custodian Anchorage Digital, which will further expand the existing ETH pledge and re-alignment strategy of Šrplink。