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.
“The financial services industry and the crypto converge and really began with stable coins, the Chatgpt from Crypto, since it is a viral adoption of consumers, commercial banks and now even visa,” he told CNBCS “Squawk Box” on Monday. “Under the StableCoin industry is Ethereum – this is really the backbone and architecture of stable coins, so it is important to create a project, accumulate the Ethereum in order to essentially protect the network and have a certain influence.”
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”. Bitmine can increase the value of ETH per share “by combining the company's cash flows, the company's cash flows, capital market activities and the value change of ETH,” said Lee in a statement.
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, Bitmine had a very tiny market value of only 26 million US dollars with slightly traded stocks that had dropped by 45% a year.