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Nearly three years of formally integrating ETHEREUM to establish creativity on September 15, 2022, bitcoin workers publicly listed the original symbol of the network as the basic location of the cabinet. BitMine Mysersion Technologies (NYSE American: BMNR) on June 30, a special price of $ 250 million at a value of 555555556 new shares at $ 4.50 each, and the founder of Fundstrat Tom Lee was appointed president. The CEC press and the SEC press explains the purpose of the explicit: All net revenues will be used to gain and share ETHER, a step -by -like management management to the Michael Saylor Bitcoin strategy now in Microstrategy.
Tom Lee goes full Microstrategy on Ethereum
Hours after hours in the Squawk’s CNBC box, Lee framed The axis is a logical response to the explosive growth of Stablecoins, most of which settles on Ethereum. He said: “Stablecoins, which is Chatgpt of Crypto, because it is adopted by virals by consumers, companies and banks and until now a visa,” which confirms why the heavy cabinet in ETH can become indispensable strategically. Ethereum proof design means that adult holders who check the health of the blocks “secure stablecoins”. “When Goldsman and JP Morgan are released [issues] On ethereum as one Blockchain’s layers, they will want to secure it by going into Ethereum. “
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Lee tied to the long -term bullish trend of macro numbers that the American treasury itself began to cite. Stablecoins today hover about $ 250 billion; Treasury Secretary Scott Payette recently suggested that the number may reach $ 2 trillion-a possible ten-fold expansion, for me, “guaranteeing the domination of the dollar.” Since ETHEREUM already supports more than half of the distinctive stable value symbols, millions of dollars Stablecoin will translate directly into increasing transactions fees for the network, and therefore, the upper porridge bonuses for the planned audit groups in BitMine.
Special dish union Read Like the Who’s-Waho menu from Tadfi and Crypto: Modzayyx led the tour, to which Founders Fund, Pantera, Falconx, Republic Digital, Kaken, Galaxy Digital Currency Group, Diameame Capital and Occam Crest. It is expected to be closed in or around 3 July, according to the American NYSE approval. BitMine, its headquarters in Las Vegas, will be deployed immediately in Stokeing, giving miners funded assets on the return while strengthening the security budget in Ethereum. “One of the main performance measures to move forward in this way is to increase the value of the ETH that was held per share,” said CEO Jonathan Bings.
For investors, it is not possible to avoid comparison with Microstrategy but it is incomplete. Silor Bitcoin collected under the work proof system that does not provide any original return; The ether in BitMine can be born in income through both the possible rewards and transactions of the guaranteed capital markets by these coins.
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However, both strategies participate in a central bet: that scarce digital assets that sit at the core of global financing will be faster than cash alternatives in the public budget of companies. Whether BitMine achieves revenue at the level of Microstrategy depends on implementation, organizational clarity of roaming, and-mostly-the ERTRUM price. However, what is clear is that corporate bonds have started to see ether not just “gas” for decentralized applications, but as a strategic reserve origin itself.
From the brightness of the market structure, the new cabinet model can be translated into a meaningful torque of the ether if it holds. The serial purchases of Microstrategy absorbed nearly 600,000 BTC-by 2.8 percent of the maximum of 21 million-and coincided with Bitcoin’s rise from about $ 11,000 in August 2020, when the company made the first purchase, to more than $ 107,000 today, a step close to the peak.
The opening of BitMine Salvo-$ 25 million, or about 100,000 ETH at current prices-is barely 0.08 percent of ETHEREUM supplies of 122 million people, however, about 28 percent of this offer is already closed in exciting contracts while the net version after EIP-1559, which reduces the trading canal freely. If a handful of additional public budget mimics the “ETH-SA-REVERENT” play, the resulting demand shock can repeat supply dynamics that pushed Bitcoin to the six-digit area.
At the time of the press, the ether was traded at $ 2,459.
Distinctive image created with Dall.e, Chart from TradingView.com
