Does it devalue the sacraments or the word “sacrament” to say that the Bible is sacramental (in some senses)?
No. Or at least not necessarily. Rightly done it elevates the sacraments and makes the word “sacrament” more useful because it enhances understanding of them.
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Here is a quote from "The Second Helvetic Confession" of 1566, composed by H Bullinger, Art. 19, 8: 'Nam Verbo Dei fiunt, quae antea non fuerunt, sacramenta. Consecrantur enim Verbo et sanctificata esse ostenduntur ab eo, qui instituit.'
From a footnote on p34 of "Karl Barth and the Christian Message" by Colin Brown. Relating to the relationship between the Word of God in preaching and the Word of God in Scripture/Jesus Christ (ie it is sacramental).
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