BitMine’s Lee calls ETH a ‘discount to the future,’ Bit Digital eyes $100M

BitMine chairman Tom Lee claims that Ether is currently priced at a discount, predicting future adoption by Wall Street and AI companies will increase its value. Bit Digital plans to raise $100 million through a convertible senior note offering to expand its Ether treasury, already holding over 120,000 Ether. If successful, this raise could allow them to acquire an additional 23,714 Ether, positioning them as the sixth largest holder. Simultaneously, BitMine has increased its Ether holdings to 2.65 million, valued at over $11 billion, further distancing itself from the second-largest holder, SharpLink Gaming, which has over 838,000 tokens. Lee emphasizes that the coming months will see significant transformations in finance as Ethereum becomes central to these changes. Institutional acquisitions of Ether have increased throughout 2025, with nearly 11.8 million Ether held by such entities, signifying a growing trend that could positively impact prices, similar to MicroStrategy’s influence on Bitcoin.

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