Ether prices enjoy skyrocketed 150% since their April lows beneath $1,500 to attain abet correct anxious of $4,000 this week.
The huge switch has been pushed by institutional substitute-traded merchandise and a brand original wave of treasury companies scooping up the asset, and a model of companies thinks ETH is amazingly undervalued.
Tom Lee’s ETH treasury firm Bitmine Immersion Technologies has posted its first presentation titled “The Alchemy of 5%” on Monday, and in it are some wild predictions.
ETH Valuation at $60K
“Many on Wall Boulevard sing Ethereum is the ‘largest macro substitute over the following decade’,” the firm stated.
It cited Lee’s insist that stablecoins were a “ChatGPT moment” for crypto, US Treasury Secretary Scott Bessent’s prediction that stablecoin market capitalization will recognize a tenfold amplify, 60% of them are on Ethereum, and Wall Boulevard is tokenizing sources onto Ethereum.
Bitmine stated that it asked several be taught companies to set a “replacement” value to Wall Boulevard for ETH, and besides they reported an implied value of $60,000 per unit.
Several be taught companies estimate $ETH to be triumphant in $60,000 per token
– ETH is $3,800 now
Tom Lee @fundstrat, gentleman and scholar , is Chairman of Bitmine $BMNR https://t.co/Bm05TFHToQ
— Bitmine BMNR (@BitMNR) July 28, 2025
In accordance to a legend from substitute experts in June, declaring that ETH is digital oil, its prolonged-term value might perhaps perchance attain $700,000 with an $85 trillion market capitalization.
Bitmine additionally stated that its safe asset value per fragment has skyrocketed six times over the past 18 days as a consequence of its accumulation of ETH. The firm’s fragment (BMNR) mark has surged 724% because it announced its pivot to Ethereum on the discontinue of June.
Bitmine is the largest company Ethereum treasury firm in the sector, with 566,800 ETH price around $2.12 billion at recent market prices. The firm holds 0.47% of all the provide of the asset and has accumulated extra than has been produced this month.
“Bitmine wants to be the MicroStrategy of Ethereum,” the firm concluded.
ETH Price Retreats
Despite those lofty mark valuations, Ether has retreated as of late as crypto markets frigid off once more.
ETH has dipped 2.5% on the day to substitute at $3,780 on the time of writing, having did now not be triumphant in the psychological $4,000 level on Monday.
The asset is conserving right and beginning to consolidate above $3,500, the keep it has been for nearly a fortnight, and sustained buying for power from ETFs and companies can easiest mean one direction for Ether prices.
