Analysis: Ethereum buys by BitMine, SharpLink averaged under $3.8K

BitMine Immersion Technologies, a Nasdaq-listed Bitcoin miner, began accumulating Ethereum (ETH) on July 9 and, as of Aug. 17, held 1,523,373 ETH at an average cost of $3,730, on-chain analyst @EmberCN reported on X. Nasdaq-listed SharpLink Gaming, which started buying on June 13, held 740,760 ETH at an average cost of $3,478. According to CoinMarketCap, ETH is trading at $4,072.50, down 5.44% in the past 24 hours.