Recently, the price of Ethereum (ETH) has experienced a pullback, triggering market attention on the reserve strategies of some emerging treasury companies. In particular, BitMine (BMNR) and SharpLink (SBET), which have actively accumulated ETH over the past two months, have become the focal point for investors regarding their average cost.

According to public data analysis, BitMine began purchasing ETH on July 9. As of August 17, its ETH holdings reached 1,523,373 coins, with an average cost of about $3,730. In contrast, SharpLink started its ETH reserve plan earlier, beginning purchases on June 13. Similarly, as of August 17, SharpLink held 740,760 ETH, with an average cost of about $3,478.

These data reflect the investment strategies of different companies amid the fluctuations in the cryptocurrency market. Although their average cost prices vary slightly, they all show confidence in the long-term value of Ethereum. However, it is worth noting that whether these cost price levels can become strong price support in the current market environment remains to be seen.

With the continuous development of the cryptocurrency market, more and more companies are beginning to incorporate digital assets into their financial reserve strategies. This trend not only reflects a challenge to the traditional financial system but also demonstrates the potential application prospects of blockchain technology in corporate financial management.

In the face of the pullback in ETH prices, investors and market analysts are closely following the subsequent actions of these treasury companies. Their holding strategies not only affect their own financial situation but may also have a profound impact on the entire cryptocurrency market. In this rapidly changing field, the interaction between corporate financial decisions and market trends will continue to be a hot topic.