SharpLink Gaming Surges to Top 31 Most Actively Traded Stocks with 27.47 Billion in Transactions

On July 16, 2025, SharpLink Gaming (SBET) saw a significant surge in trading volume, with a total of 27.47 billion in transactions, marking a 43.8% increase from the previous day. This surge placed SharpLink among the top 31 most actively traded stocks for the day. The company's stock price also rose by 29.03%, extending its winning streak to 10 consecutive days, with a cumulative increase of 299.79% over the past 10 days.

SharpLink has solidified its position as the world's largest corporate holder of Ethereum (ETH), with a total of 280,706 ETH as of July 13, 2025. This milestone was achieved through a series of strategic purchases, including the acquisition of 74,656 ETH between July 7 and July 13, valued at approximately $213 million. The company's total ETH holdings are now worth around $840 million, reflecting a significant investment in the cryptocurrency market.

SharpLink's aggressive ETH acquisition strategy has not only expanded its holdings but also positioned the company as a key player in the Ethereum ecosystem. The firm has staked nearly all of its ETH holdings, yielding over 415 ETH in rewards since early June. This staking strategy not only provides passive income but also supports the security and stability of the Ethereum network, demonstrating SharpLink's commitment to the digital asset space.

To fund these acquisitions, SharpLink raised $413 million in fresh capital through its at-the-market (ATM) equity program between July 7 and July 11. The company has already utilized $156 million of this capital, with an additional $257 million earmarked for further ETH purchases. This substantial investment underscores SharpLink's confidence in the potential of ETH as a valuable asset and its strategic vision for the future.

SharpLink's dominance in the ETH market has significant implications for both the company and the broader cryptocurrency landscape. As the largest corporate holder of ETH, SharpLink's actions and decisions can influence market sentiment and the overall trajectory of Ethereum. The company's strategic investments and staking activities highlight the growing institutional interest in cryptocurrencies and the potential for other corporations to follow suit in integrating digital assets into their investment portfolios.