Bitmine immersion technologies (BMNR)ether (Eth) The strategy company led by Tom Lee de Fundstrat quickly moved to transform dollars into cryptocurrency.
The share of the company based in Las Vegas increased by 40% after declaring that it now holds 163,142 ETH, worth around $ 500 million, against $ 250 million that it collected during a private placement on July 9.
Tom Lee compared the strategy approach (MSTR) Well -known bitcoin
playarguing that the great assets of the BTC of this company make the company attractive as “sovereign put”. Lee said the strategy was an attractive bet “if a nation has always wanted to acquire 5% of the Bitcoin network”.
“Likewise, ethn treasury bills, which accumulate 5% of ETH’s offer, can benefit from a similar” Put Wall Street “,” said Lee.
The overvoltage of the Monday’s action course follows a diver of 65% last week linked to the supply of $ 2 billion to the market. Actions recently neglected about $ 4.88, compared to $ 6.25 on July 10.
The ether is down approximately 9% this year while Bitcoin increased by around 29%.
During the weekend, the Bitcoin BTC Digital extraction company allocated $ 1 million of his money in Eth, which, according to him, was his new digital gold. A total of 1.5 million ETH are currently detained on treasury bills, which include decentralized autonomous organizations and listed companies, according to the ETH strategic reserve.
