Ether prices have skyrocketed 150% since the shy $4,000 April low this week fell below $1,500.
The massive movement is driven by a new wave of treasury companies scooping up the institution’s exchange-selling products and assets, one of those companies believes ETH is highly undervalued.
Tom Lee’s Eth Treasury Firm Bitmine Immersion Technologies posted its first presentation on Monday entitled “The Alchemy of 5%.”
$60,000 ETH rating
“Many of Wall Street says Ethereum is “the biggest macro trade in the next decade,” the company says.
Stablecoins quoted the comment that it was a “Chatgpt moment” for Crypto. U.S. Treasury Secretary Scott Bessent forecasts that Stablecoin Marks Capitalization has seen a 10-fold increase, of which 60% are in Ethereum, and Wall Street tokens assets to Ethereum.
Bitmine said it asked several research companies to assign “exchange” value to Wall Street for ETH, reporting an implicit value of $60,000 per unit.
Several research companies estimate $eth to reach $60,000 per token
– ETH is currently $3,800
Tom Lee @Fundstrat, gentleman and Scholar is chairman of Bitmine $BMNR https://t.co/BM05TFHTOQ
– July 28, 2025, Bitmine BMNR (@bitmnr)
According to a June report from industry experts, ETH claims to be digital oil, so its long-term value could reach $700,000 with a market capitalization of $85 trillion.
Bitmine also said that the accumulation of ETH has resulted in a surge in net asset value per share six times over the past 18 days. Since announcing its pivot to Ethereum at the end of June, the company’s share (BMNR) price has skyrocketed 724%.
Bitmine is the world’s largest Ministry of Corporate Treasury, with 566,800 ETH worth around $2.12 billion at current market prices. The company holds 0.47% of the total supply of assets, accumulating more than it has been produced this month.
“Bitmine wants to be Ethereum’s micro-strategy,” the company concluded.
ETH Price Retreat
Despite these lofty price valuations, ether has retreated today as the crypto market cools down again.
ETH soaked 2.5% during the day to trade for $3,780 at the time of writing, failing to reach the psychological $4,000 level on Monday.
Assets are stable, beginning to consolidate above $3,500, and have been around for almost two weeks, and purchasing pressure from ETFs and companies only makes sense in one direction of ether prices.
