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BitMine's new chairman and Fundstrat co-founder: In comparison to Circle's valuation, it is reasonable for Ethereum to rise to $15,000.
On July 25, BitMine’s new chairman and Fundstrat co-founder Tom Lee said in an interview with CoinDesk this week that if we refer to Circle’s current valuation level (130 times EBITDA, earnings before interest, taxes, depreciation, and amortization, which is a financial metric for measuring a company’s operational performance), then it is completely reasonable for Ethereum to rise to $15,000. Furthermore, Tom Lee expressed agreement with analyst Mark Newton’s analysis that “Ethereum will break through $4,000 by the end of the month.” It is worth noting that the latest data shows that Bitmine Immersion Tech (BMNR) currently holds 566,800 ETH, valued at approximately $2.11 billion, with a nearly 30-day increase in holdings of 247.41%. The company announced the appointment of Tom Lee as chairman on June 30.