Bitmine immersion technologies (BMNR)The ether (Eth) The strategy firm led by Tom Lee de Fundstrat, quickly moved to convert dollars into cryptocurrencies.
The company’s share in Las Vegas increased up to 40% after he said he now has 163,142 ETH, for a value of approximately $ 500 million, above the $ 250 million that raised in a private placement on July 9.
Tom Lee compared the strategy approach (Mstr) Bitcoin well known
playarguing that the BTC’s great holdings of that company make the company attractive as a “sovereign”. Lee said the strategy was an attractive bet “if a nation would ever want to acquire 5% of the Bitcoin network.”
“Similarly, ETH treasures, which accumulate 5% of the ETH supply, can benefit from a similar Wall Street Wall Street,” Lee said.
The increase in the prices of the shares on Monday continues the 65% fall last week related to the offer of $ 2 billion in the market. The shares were recently quoted around $ 4.88, below $ 6.25 on July 10.
Ether has dropped around 9% this year, while Bitcoin has increased around 29%.
During the weekend, the mining firm of Bitcoin BTC Digital assigned $ 1 million of its cash in ETH, which according to him was his new digital gold. In total, 1.5 million ETH are currently maintained in Ether Treasury bonds, which include decentralized autonomous organizations and companies that are quoted in the stock market, according to Strategic Eth Reserve.
