Altcoins News
By Sakamoto Nashi
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Bit Digital Eyes $100 Million for Ether Expansion. In a statement released Monday, Bit Digital revealed that it intends to raise $100 million by…
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BitMine Strengthens Its Lead. Meanwhile, BitMine Immersion Technologies confirmed that it has expanded its holdings to 2.
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Tom Lee: “ETH Is a Discount to the Future”. BitMine Chairman Tom Lee described Ethereum as one of the most undervalued assets in global…
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Institutional Holdings on the Rise. Ethereum’s growing recognition among institutions is evident in the numbers.
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A Battle for the Future of Finance. The parallel expansion strategies of BitMine and Bit Digital illustrate how Ethereum is becoming…
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Ethereum’s role as a leading institutional asset continues to strengthen as BitMine Immersion Technologies and Bit Digital push deeper into Ether (ETH) accumulation.
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Bit Digital currently holds over 120,000 ETH, making it the seventh-largest Ether treasury tracked by StrategicEtherReserve.
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The company’s aggressive treasury strategy reflects its confidence in Ethereum’s long-term role in global finance and digital innovation.
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Meanwhile, BitMine Immersion Technologies confirmed that it has expanded its holdings to 2.65 million Ether, worth more than $11 billion at current market prices.
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According to StrategicEtherReserve data, BitMine’s latest major purchase occurred on September 26, when the company added 234,000 ETH to its reserves.
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The company estimates its average purchase price at $4,141 per ETH, only slightly below the token’s current trading price of $4,221, according to CoinGecko.
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BitMine Chairman Tom Lee described Ethereum as one of the most undervalued assets in global markets, calling its current price “a discount to the future.”
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Lee pointed to two ongoing supercycles—the rise of crypto adoption and the growth of artificial intelligence—as the catalysts that will make Ethereum indispensable.
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“We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years,” Lee said.
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His comments echo earlier remarks by Jan van Eck, CEO of investment management firm VanEck, who argued that Wall Street will increasingly adopt blockchain for stablecoin…
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