律动BlockBeats
律动BlockBeats|Sep 10, 2025 01:55
[SharpLink Did Not Increase Ethereum Holdings Over the Past Week, Possibly Due to Its Stock Repurchase Program] BlockBeats News, September 10: Ethereum reserve company SharpLink Gaming (SBET) has slowed its pace of increasing Ethereum holdings, with no additional purchases over the past week. Its current holdings remain at 837,230 ETH, consistent with the data observed on September 3. Meanwhile, a similar company, Bitmine, has accelerated its pace of increasing Ethereum holdings. Its total holdings have now reached 2.07 million ETH, with an additional 206,900 ETH purchased over the past week. BlockBeats previously reported that on September 9, SharpLink began executing a $1.5 billion stock repurchase program, buying back 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 create a compounding effect for long-term shareholder value.
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