SharpLink Surges 5.51% on $1.21 Billion Volume Jumps to 72nd in Liquidity Backed by $200M Institutional Raise to Expand ETH Treasury Now 2nd-Largest Corporate Holder

SharpLink (SBET) surged 5.51% on August 7, 2025, with a trading volume of $1.21 billion—a 72.09% increase from the prior day—ranking it 72nd in market liquidity. The rally follows a $200 million registered direct offering priced at $19.50 per share, secured through agreements with four global institutional investors. Proceeds will expand SharpLink’s Ethereum (ETH) treasury, projected to exceed $2 billion in value post-deployment. A.G.P./Alliance Global Partners led the placement, with Societe Generale as co-agent and Cantor Fitzgerald as financial advisor.

The offering underscores institutional confidence in Ethereum as a strategic reserve asset. SharpLink, already a major ETH holder, aims to solidify its position as a leading corporate treasury for the cryptocurrency. The transaction’s regulatory-compliant structure and participation from tier-one financial partners reinforce credibility in its long-term ETH accumulation strategy. Co-CEO Joseph Chalom highlighted the validation of the company’s mission to “accumulate, stake, and grow” ETH, aligning corporate treasury goals with Ethereum’s evolving role in decentralized finance.

SharpLink’s aggressive ETH acquisition model positions it as an indirect exposure vehicle for investors seeking crypto-linked equities. By leveraging its balance sheet to scale Ethereum holdings, the firm differentiates itself from traditional cash-reserve models. Staking activities further enhance returns, aligning with Ethereum’s post-merge proof-of-stake framework. The offering’s closing on August 8, 2025, marks a pivotal step in expanding its ETH dominance, trailing only BitMine as the second-largest corporate holder.

The strategy of purchasing the top 500 stocks by daily trading volume and holding them for one day delivered a 166.71% return from 2022 to the present, outperforming the benchmark return of 29.18% by 137.53%. This underscores the role of liquidity concentration in short-term stock performance, particularly in volatile markets.