Ethereum Holdings Shift as SharpLink Slows and Bitmine Accelerates

According to BlockBeats, SharpLink Gaming's accumulation of Ethereum has slowed, with no additional holdings in the past week, maintaining its total at 837,230 ETH, consistent with data observed on September 3. In contrast, Bitmine has increased its Ethereum holdings significantly, now totaling 2.07 million ETH after acquiring an additional 206,900 ETH over the past week. Previously, BlockBeats reported that on September 9, SharpLink initiated a $1.5 billion stock buyback program, repurchasing approximately one million shares of SBET. SharpLink expressed confidence that its stock is significantly undervalued, stating that repurchasing shares when the net asset value (NAV) is below 1 will immediately enhance earnings and provide compounding benefits for long-term shareholder value.