Tom Lee
Adam Jeffery | CNBC
Tom Lee from Fundsstrats closes a little known Bitcoin Bergmann aims to become the largest listed owner of ether.
Lee, a top-class market strategist that is known for its forward-looking Bitcoin price forecasts and share forecasts Bitminin technologiesEffective Monday. The company also announced a private placement of 250 million US dollars to implement a purchase strategy to implement Ether, which is supposed to carry out its primary financial area reserve and continue its Core Bitcoin mining business.
Lee's appointment takes place in the middle of a way of interest around stable coins after the successful IPO of Stablecoin issuer Circle At the beginning of the month and the positive dynamics to promote potential stable coin laws through the congress.
“Stablecoins have proven to be” chatt “by crypto, which leads to rapid acceptance by consumers, dealers and financial services providers,” said Lee in a statement. “Ethereum is the blockchain in which the majority of the StableCoin payments are handled … and therefore ETH should benefit from this growth.”
The company will monitor the value of the Ether Pro company as an important performance metric in the future, added Lee, similar to the Bitcoin-Per-Share metric by Microstrategy “BTC return”. According to Lee, Bitmine can increase the value of the ETHPro share per share “by combining a reinvestment of the company's cash flows, the capital markets and the change in the ETH”.
Companies are increasingly looking at Bitcoin according to Krypto -Treasing management strategies. Bitmine joins the publicly listed betting platform Sharplink Gamingwhich initiated an ether-financial strategy in May and appointed Ethereum's co-founder as chairman of his board of directors. Defi development focuses on a similar strategy for the Solana Token.
Before this transaction, the Bitmine immersion had a very tiny market value of only 26 million US dollars with slightly traded stocks, which had dropped by 45% a year.
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