SharpLink did not increase its holdings of Ethereum in the past week, possibly due to its stock buyback plan.

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According to BlockBeats news, on September 10, the Ethereum reserve company SharpLink Gaming (SBET) has slowed down its accumulation speed, with no increase in Ethereum holdings over the past week, maintaining a total of 837,230 ETH, consistent with the data observed on September 3. In contrast, similar company Bitmine has accelerated its Ethereum accumulation speed, with a total holding of 2,070,000 ETH, having increased by 206,900 ETH over the past week. BlockBeats previously reported that on September 9, SharpLink began executing a $1.5 billion share repurchase plan, repurchasing approximately 1 million shares of SBET. SharpLink stated that it believes its stock is significantly undervalued. Repurchasing shares when the net asset value (NAV) is below 1 will immediately enhance earnings and bring a compound interest effect for long-term shareholder value.

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