SharpLink Surges 9.44% with 143rd Trading Volume Rank as Corporate ETH Holdings Near 1M Target

On August 6, 2025, SharpLink (SBET) surged 9.44% with a $0.70 billion trading volume, a 53.08% increase from the previous day, ranking 143rd in market activity. The firm has aggressively expanded its Ethereum holdings, recently adding 83,561 ETH ($264.5M) to reach 521,939 ETH ($1.65B), nearing its 1M ETH target. This accumulation positions SharpLink as the second-largest corporate ETH holder, trailing only BitMine. The strategy mirrors MicroStrategy’s Bitcoin playbook, leveraging institutional buying to bolster market optimism and on-chain activity.

SharpLink’s treasury strategy, which includes real-time ETH-to-equity metrics, has drawn institutional and retail attention. The company’s stock (SBET) trades near $19, with analysts noting potential for a rebound to July highs if momentum persists. Meanwhile, retail investors are pivoting to high-upside tokens like $SUBBD, an AI-powered creator economy project, as Ethereum’s price scale limits accessibility for smaller investors.

The backtesting results for a strategy of holding top 500 high-volume stocks for one day yielded a 166.71% return from 2022 to 2025, outperforming the benchmark by 137.53%. This highlights the efficacy of liquidity concentration in volatile markets, where high-volume stocks amplify price movements. However, the approach underscores short-term gains over long-term diversification, emphasizing the role of market sentiment and liquidity in driving such returns.