On-chain analysis reveals that Bitmain (BMNR) and SharpLink Gaming (SBET), strategic accumulators of Ethereum (ETH), likely acquired their holdings at an average price below $3800. Analyst EmberCN highlights that Bitmain, beginning July 9th, currently holds 1,523,373 ETH with an estimated average purchase price of $3730. SharpLink Gaming, initiating purchases on June 13th, possesses 740,76 ETH with an even lower average cost of $3478. This positions both companies favorably, considering ETH's current trading price of $4072.50 (as per CoinMarketCap), despite a 5.44% dip in the last 24 hours. Their strategic accumulation suggests a long-term bullish outlook on Ethereum's potential. It demonstrates a calculated investment approach, potentially yielding significant returns as the crypto market evolves and ETH continues its development. ```
Bitmain and SharpLink's ETH Stash: Average Purchase Price Under $3800
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