‘Ethereum is one of the biggest macro trades over the next 10-15 years’ – Tom Lee
The post ‘Ethereum is one of the biggest macro trades over the next 10-15 years’ – Tom Lee appeared on BitcoinEthereumNews.com.
Key Takeaways What are Bit Digital’s upcoming plans like? Bit Digital plans to raise $100 million through senior convertible notes, with Ethereum set to take the lion’s share of the proceeds. What is Ethereum up to on the price charts? Ethereum’s price performance remains uncertain, with the asset testing a critical support level on the charts. Bit Digital, Inc. (Nasdaq: BTBT) has announced plans to raise $100 million through a public offering of senior convertible notes due 2030, with most of the proceeds earmarked for Ethereum [ETH] purchases. In fact, the company has also granted underwriters a 30-day option to purchase an additional $15 million in notes. The notes will be senior unsecured obligations, maturing on 01 October 2030, unless converted, redeemed, or repurchased earlier. Holders will have the option to convert them into cash, Bit Digital shares, or a mix of both. Final terms, including the interest and conversion rates, will be determined at pricing. Barclays, Cantor, and B. Riley Securities will lead the deal as joint bookrunners under the company’s effective Securities and Exchange Commissions (SEC) shelf registration. Ethereum reserve strategy According to the company, its Ethereum purchases are in line with its broader digital asset strategy. Even though proceeds may also fund acquisitions, investments, and other corporate initiatives. Bit Digital is currently the third-largest holder of ETH reserves among corporate investors who see the crypto as a treasury asset. According to CoinGecko, it owns about 120,000 ETH right now – Valued at roughly $494 million. This latest purchase would place Bit Digital ahead of Coinbase, with the latter holding approximately 136,000 ETH. This would be the case if the company commits a significant portion of its convertible notes to Ethereum. Source: CoinGecko Corporate entities now hold about $16.5 billion in ETH reserves, a figure that continues to…
Filed under: News - @ October 1, 2025 8:27 am