Crypto Giants Load Up: SharpLink’s $75M ETH Buy Joins BitMine’s $820M Haul

SharpLink Gaming resumed its Ethereum accumulation strategy with a $75 million purchase of 19,271 ETH at an average price of $3,892 per token between October 17-19, 2025, funded by a recent $76.5 million equity raise at a 12% premium to NAV, bringing its total holdings to 859,853 ETH valued at $3.5 billion as of October 19—marking the company's first buy in over a month and underscoring Co-CEO Joseph Chalom's focus on "disciplined execution and relentless focus on accretive ETH accumulation." Meanwhile, BitMine Immersion Technologies aggressively bolstered its position by acquiring 203,826 ETH worth $820 million during the week of October 13-19, including a mid-October haul of 104,336 ETH ($417 million) via transfers from Kraken and BitGo to three new wallets across seven transactions, elevating its total ETH stash to 3.24 million tokens (2.7% of Ethereum's supply) valued at $12.18 billion, cementing its status as the largest corporate ETH holder alongside $219 million in cash, 192 BTC, and $119 million in Eightco equity.

ETHUSD pared some of its gains following the footsteps of BTC. It hits an intraday low of $3772 and is currently trading around $3845.

Oscillators and moving averages to forecast the trend of ETHUSD

CMP- $3845

EMA (4-hour chart)

55-EMA- $3981

200-EMA- $4152

365-EMA- $4140. The pair trades below the short and long-term moving averages.

Major Support - $3770. Any breach below $3800 will drag the pair down to $3500/$3000.

Major Resistance - $4300.  Any break above $4300 confirms minor bullishness, a jump to $4500/$4770/ $5000/$5263.

Indicators (4-hour chart)

CCI(50)- Bearish

ADX-  Bearish

5. Investment Strategy for ETHUSD

It is good to buy on dips around $3500 with a stop loss around $3000 for target profits of $5000/$5260.