No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, October 30, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Markets

Wall Street strategist Tom Lee is aiming to create the MicroStrategy of Ethereum

by TheAdviserMagazine
4 months ago
in Markets
Reading Time: 2 mins read
A A
Wall Street strategist Tom Lee is aiming to create the MicroStrategy of Ethereum
Share on FacebookShare on TwitterShare on LInkedIn


Tom Lee

Adam Jeffery | CNBC

Fundstrat’s Tom Lee is joining a little known bitcoin miner aiming to become the biggest publicly traded holder of ether.

Lee, a high-profile market strategist known for his prescient bitcoin price forecasts and stock predictions, has been appointed chairman of the board of directors of BitMine Immersion Technologies, effective Monday. The company also announced a $250 million private placement to implement a buying strategy around ether, which it aims to make its primary treasury reserve asset while continuing with its core bitcoin mining business.

Lee’s appointment comes amid a groundswell of interest around stablecoins following the successful IPO of stablecoin issuer Circle at the beginning of the month and positive momentum pushing potential stablecoin legislation through Congress.

“Stablecoins have proven to be the ‘ChatGPT’ of crypto, leading to rapid adoption by consumers, merchants and financial services providers,” Lee said in a statement. “Ethereum is the blockchain where the majority of stablecoin payments are transacted … and thus, ETH should benefit from this growth.”

The company will monitor the value of ether held per company share as a key performance metric going forward, Lee added, similar to MicroStrategy’s bitcoin-per-share metric “BTC Yield.” BitMine can increase the value of ETH held per share “by a combination of reinvestment of the company’s cash flows, capital markets activities, and by the change in value of ETH,” according to the company.

Companies are increasingly looking past bitcoin for crypto treasury management strategies. BitMine joins the publicly listed betting platform SharpLink Gaming, which initiated an ether treasury strategy in May and appointed Ethereum co-founder Joseph Lubin as chairman of its board of directors. DeFi Development is focused on a similar strategy for the Solana token.

Ahead of this transaction, Bitmine Immersion had a very tiny market value of just $26 million with lightly traded shares that were down 45% on the year.

Don’t miss these cryptocurrency insights from CNBC Pro:



Source link

Tags: aimingCreateEthereumLeeMicroStrategyStrategistStreetTomWall
ShareTweetShare
Previous Post

Best of June from HigherEdJobs

Next Post

Palomar Holdings (PLMR) Rose on Strong Quarterly Results

Related Posts

edit post
Powell forced to stave off uprisings in markets and on his own Fed board as his term ends

Powell forced to stave off uprisings in markets and on his own Fed board as his term ends

by TheAdviserMagazine
October 30, 2025
0

Jerome Powell, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting...

edit post
Chart of the Week: The Fed’s AI Singularity Wake-Up Call

Chart of the Week: The Fed’s AI Singularity Wake-Up Call

by TheAdviserMagazine
October 30, 2025
0

It’s one thing when I talk about a coming AI-driven singularity. But when the Federal Reserve starts talking about it, you...

edit post
How Millions of Retirees Get Honest Answers to Medicare Questions — for Free

How Millions of Retirees Get Honest Answers to Medicare Questions — for Free

by TheAdviserMagazine
October 30, 2025
0

RossHelen / Shutterstock.comIt’s that time of year again: Medicare’s open enrollment period started Oct. 15 and runs through Dec. 7....

edit post
Best and Worst Housing Markets of 2026

Best and Worst Housing Markets of 2026

by TheAdviserMagazine
October 30, 2025
0

Dave:We are in a housing correction, at least on a national level, but everyone knows real estate and real estate...

edit post
China says it’s willing to work with U.S. on TikTok

China says it’s willing to work with U.S. on TikTok

by TheAdviserMagazine
October 30, 2025
0

Beijing will work with Washington to "properly resolve" issues around the divestiture of the U.S. operations of TikTok, China's Commerce...

edit post
Reducing This Type of Cholesterol May Lower Dementia Risk by 80%. Have You Even Heard of It?

Reducing This Type of Cholesterol May Lower Dementia Risk by 80%. Have You Even Heard of It?

by TheAdviserMagazine
October 29, 2025
0

PeopleImages / Shutterstock.comKeeping cholesterol levels low may protect your brain as well as your heart, according to a recent study....

Next Post
edit post
Palomar Holdings (PLMR) Rose on Strong Quarterly Results

Palomar Holdings (PLMR) Rose on Strong Quarterly Results

edit post
US Dollar: Downtrend Could Accelerate Following NFP Data This Week

US Dollar: Downtrend Could Accelerate Following NFP Data This Week

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Market Talk – October 30, 2025

Market Talk – October 30, 2025

0
edit post
Shankar Sharma sees organised campaign against Lenskart. Explains why it is a steal vs Paytm, Zomato, others

Shankar Sharma sees organised campaign against Lenskart. Explains why it is a steal vs Paytm, Zomato, others

0
edit post
Ava Labs Transfers BTC.b Infrastructure to Lombard for Multi-Chain Use

Ava Labs Transfers BTC.b Infrastructure to Lombard for Multi-Chain Use

0
edit post
Primary Care Providers Can Be the Key to Better Health

Primary Care Providers Can Be the Key to Better Health

0
edit post
What’s at Stake in Mike Johnson’s Refusal to Administer the Oath to Adelita Grijalva? | Michael C. Dorf | Verdict

What’s at Stake in Mike Johnson’s Refusal to Administer the Oath to Adelita Grijalva? | Michael C. Dorf | Verdict

0
edit post
6 Reasons There Are So Many Tiny Homes For Sale

6 Reasons There Are So Many Tiny Homes For Sale

0
edit post
Ava Labs Transfers BTC.b Infrastructure to Lombard for Multi-Chain Use

Ava Labs Transfers BTC.b Infrastructure to Lombard for Multi-Chain Use

October 30, 2025
edit post
6 Reasons There Are So Many Tiny Homes For Sale

6 Reasons There Are So Many Tiny Homes For Sale

October 30, 2025
edit post
Market Talk – October 30, 2025

Market Talk – October 30, 2025

October 30, 2025
edit post
AI bubble talk grips the market. But in the C-suite there’s more FOMO over AI’s benefits than fear of an AI bustup

AI bubble talk grips the market. But in the C-suite there’s more FOMO over AI’s benefits than fear of an AI bustup

October 30, 2025
edit post
Powell forced to stave off uprisings in markets and on his own Fed board as his term ends

Powell forced to stave off uprisings in markets and on his own Fed board as his term ends

October 30, 2025
edit post
Trump cuts fentanyl tariffs on China to 10% as Beijing delays rare earth curbs

Trump cuts fentanyl tariffs on China to 10% as Beijing delays rare earth curbs

October 30, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Ava Labs Transfers BTC.b Infrastructure to Lombard for Multi-Chain Use
  • 6 Reasons There Are So Many Tiny Homes For Sale
  • Market Talk – October 30, 2025
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.