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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Surprise Ether decision from Bitcoin miner BitMine
A step for Ether has come from BitMine Immersion Technologies, which conducts cooling mining through immersion in water. The company, which has elected well-known Wall Street analyst Tom Lee as chairman of the board, will undertake a $250 million private equity increase to acquire Ether.
"Ether will benefit from this growth"
The company's move coinciding with a period when many firms are issuing stablecoins or planning to go public with companies that issue stablecoins is also noteworthy.
Tom Lee, who touched on this topic, also stated, "Stablecoins have become the ChatGPT of the crypto world. Adaptation has been easy and quick. The majority of stablecoin payments are made on the Ethereum network. Ether will benefit from this growth."
Ether per share...
BitMine will track the number of ETH held per share as a key performance indicator, similar to MicroStrategy's "Bitcoin per share" strategy.
According to Tom Lee, the company will try to increase the amount of ETH through purchasing ETH with revenue from mining or other activities, acquiring new investments, and selling shares. The rise in the price of Ether could also add value to the shares.
With this strategy, BitMine aims to offer investors a transparent value increase through Ether.
Published: June 30, 2025 16:57