SharpLink has not increased its Ethereum holdings in the past week, possibly due to its stock buyback program.

September 10th: The Ethereum reserve company, SharpLink Gaming (SBET), has reduced the pace of its accumulation. It did not add any Ethereum in the past week. Currently, its holdings stand at 837,230 ETH, which is the same as the data observed on September 3rd. On the other hand, a similar company, Bitmine, has increased the speed of its Ethereum accumulation. It now holds a total of 2.07 million ETH and has added 206,900 ETH in the past week. BlockBeats previously reported that on September 9th, SharpLink began to implement a $1.5 billion share buyback plan and repurchased approximately 1 million shares of SBET. SharpLink stated that they believe their stock is significantly undervalued. By repurchasing shares when the Net Asset Value (NAV) is below 1, they will immediately enhance earnings and bring compounding benefits to the long-term value of shareholders.