Bitmine is growing farms, a digital augment worth $ 100 million

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The digital company Asset Bit Digital plans to raise $ 100 million via a convertible notes for expanding the ether of the treasure, while Bitmine Immersion Technologies has expanded its lead as the largest tax company Ether.

Digital bit he said In a statement on Monday, it also offers an additional $ 15 million option in banknotes, and all net revenues intended for more ether purchases (ETH) and general corporate goals, “including potential investments, acquisitions and other business possibilities regarding digital assets”.

Bit Digital currently has over 120,000 ether and is the seventh largest tax company Ether Tracked By strategiterreserve. If it succeeds in its raise, the company could buy another 23,714 tokens that would raise it in sixth place in front of Crypto Exchange Coinbase.

Source: Digital bit

Bitmine expands its lead

At the same time Bitmine announced On Monday, the expansion of its tax shares to $ 2.65 million with a value of over $ 11 billion, increasing its advantage compared to the company’s second largest company, Sharplink Gaming, which has over 838,000 ether.

Strategicetherreserve mentions on September 26 as the latest date of purchase of Bitmine, when he purchased 234,000 tokens as part of a long -term purpose, which is 5% of total supply.

Bitmine estimates its average purchase price at USD 4,141 for ether. The token trades for USD 4,221, According to To Coingecko.

Lee says the ether purchased with a discount

The chairman of Bitmine Tom Lee called the current price of ETH “a discount for the future”, and two supercycles have been created in the last months of 2025 – cryptographic and artificial intelligence – which “require neutral public chain chains”, making Ethereum “the most important choice”.

“We still believe that Ethereum is one of the largest macro transactions in the next 10-15 years,” Lee said.

“Wall Street and AI moving to blockchain should lead to a greater transformation of today’s financial system. And most of them take place in Ethereum.”

Jan Van Eck, general director of the Vaneck investment management company, which offers a stock exchange fund based on ETHER (ETF), in August predicted similar comments, predicting that financial services will accept Blockchain to support Stablecoin transactions, and believes that Ethereum will be a platform of choice.

The ether owned by the institutions can exceed the price

The institutions were constantly The acquisition of ether throughout the entire 2025, in total in tax companies and ETF is over 11.8 million, which is slightly less than 10% of the total supply of tokens.

Related: Ethzilla releases a fresh war gearbox worth USD 350 million per plant Ethereum

In August, Vivek Raman of Etherealize told CointeLgraph “healthy competition” between Ether purchasing companies can cause DEFI Summer 2.0 “but on an institutional scale and greater and better”.

Meanwhile, David Grider, Venture Capital partner Capital final, anticipated In July, in July X Company of the Treasury Ether, “Boom should return to the ETH flows and a price -like action similar to the influence of Microstrategy on Bitcoin.”

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