Bitmine immersion technologies (BMNR)Ether (Eth) The strategy firm led by Fundstrat’s Tom Lee went quickly to convert the dollar into cryptocurrency.
Las Vegas -based company’s share increased by 40% after this Said It now holds 163,142 eth, priced at around $ 500 million, raised in a private placement from $ 250 million to 9 July.
Tom Lee compared the strategy approach (MSTR) Famous bitcoin
gameArguing that the company’s large BTC holdings make the company attractive as “sovereign put”. Lee said the strategy was an attractive condition “If a nation ever wanted to acquire 5% of the bitcoin network.”
“Similarly, ETH Treasury, which deposits 5% of ETH supply, can benefit from a uniform ‘Wall Street Put’,” Lee said.
Monday’s share price is related to $ $ 2 billion belonging to $ 65% dollars last week. The stocks were recently trading around $ 4.88 below $ 6.25 on 10 July.
This year the ether is about 9% below while bitcoin is about 29%.
Over the weekends, Bitcoin Mining firm BTC Digital allocated its cash at $ 1 million ETHs, stating that it was a new digital gold. Overall, 1.5 million ETHs are currently held in Ether Treasury, which includes decentralized autonomous organizations and publicly trading companies, Strategic Ath Reserve.
