SharpLink’s SBET Surges 5.69% Amid Aggressive Ethereum Accumulation Despite 267th Market Volume Rank

On August 5, 2025, SharpLink (SBET) traded with a volume of $450 million, a 39.93% drop from the previous day, ranking 267th in market activity. The stock rose 5.69%, reflecting investor interest amid strategic moves in its Ethereum treasury.

SharpLink expanded its Ethereum holdings by acquiring 83,561 ETH for $264.5 million between July 28 and August 3, raising total reserves to 521,939 ETH—a 19% weekly increase. The average purchase price fell to $3,634 from $3,756, while the ETH-per-share concentration rose to 3.66, up 83% since the treasury strategy began in June. This aggressive accumulation aligns with the company’s mission to tie shareholder value to Ethereum’s performance, with 100% of holdings staked and generating cumulative rewards of 929 ETH.

Funding the purchases, SharpLink issued 13.6 million shares via its ATM facility, raising $264.5 million. This follows $279.2 million raised the prior week, totaling over $1 billion since the strategy’s launch. The company’s co-CEO, Joseph Chalom, emphasized ongoing efforts to scale ETH holdings through debt and equity instruments, reinforcing its alignment with Ethereum’s growth in decentralized finance.

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