BlockBeats News, July 25th, BitMine's newly appointed Chairman, Co-founder of Fundstrat, Tom Lee, stated in an interview with CoinDesk this week that if we reference Circle's current valuation level (130 times EBITDA, Earnings Before Interest, Taxes, Depreciation, and Amortization, a financial metric used to measure a company's operating performance), then it is entirely reasonable for Ethereum to rise to $15,000.
Furthermore, Tom Lee expressed agreement with analyst Mark Newton's viewpoint 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, worth approximately $2.1 billion, with a recent 30-day position increase of 247.41%. The company announced the appointment of Tom Lee as Chairman on June 30th.
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