SharpLink’s SBET Surges 15.69% on $1.72B Volume Ranks 41st in Market Activity as $1.5B Buyback Plan Drives Momentum

On August 22, 2025, SharpLink (SBET) surged 15.69% with a trading volume of $1.72 billion, marking a 264.09% increase from the previous day and ranking 41st in market activity. The move followed the company’s announcement of a $1.5 billion stock repurchase program, aimed at optimizing capital allocation and supporting shareholder value. The initiative allows repurchases through open market transactions or private negotiations, contingent on market conditions and share price dynamics. Co-CEO Joseph Chalom emphasized the strategy’s flexibility, noting that repurchases would prioritize periods when the stock trades below its net asset value tied to Ethereum holdings.

SharpLink, a major ETH treasury firm holding 740,760 ETH valued at $3.19 billion, has positioned itself as a key player in the digital asset sector. The buyback program aligns with broader industry trends of leveraging ETH staking yields and reinforcing confidence in its capital structure. The company’s recent $668 million ETH purchases earlier this week further underscore its commitment to treasury diversification. While the program does not obligate the firm to specific repurchase levels, it signals a proactive approach to managing dilution risks and enhancing equity value amid volatile crypto markets.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day from 2022 to now delivered moderate returns. The CAGR was 6.98%, with a maximum drawdown of 15.46% during the backtest period. The strategy demonstrated steady growth over time, making it a robust choice for investors seeking consistent returns. However, the significant drawdown in mid-2023 highlights the importance of risk management in high-volume trading strategies.