Почему компания Тома Ли ставит на Ethereum по $60 тыс. В чем ее интерес

RBK-cryptoPublished on 2025-07-29Last updated on 2025-07-29

Майнер BitMine представил результаты исследования, согласно которым стоимость замещения ведущего альткоина в 15 раз выше, чем рыночная

В майнинговой компании BitMinе, принявшей стратегию накопления Ethereum (ETH), представили результаты исследования, согласно которому стоимость замещения Ethereum — $60 тыс. Текущая цена альткоина в 15 раз ниже, она колеблется около $3,8 тыс.

Стоимость восстановления и замещения (replacement value) — это сумма затрат, необходимых для замены актива на новый, идентичный или эквивалентный объект по текущей рыночной цене. В отличие от рыночной цены, по которой актив можно продать на рынке, стоимость замещения указывает на стоимость его воссоздания или замены в текущих рыночных условиях.

Данные BitMinе основаны на информации, полученной от нескольких исследовательских компаний. Они были приведены 28 июля в рамках новой ежемесячной серии «Посланий председателя», в которой глава совета директоров проекта Том Ли из FundStrat будет объяснять цели и отмечать успехи Ethereum-казначейства.

Изначально BitMine занималась майнингом, но сместила фокус на формирование резерва в Ethereum. Компания планирует увеличивать объем ETH в расчете на одну акцию за счет стейкинга, реинвестирования и участия в DeFi-проектах. Один из крупнейших ее акционеров — сооснователь PayPal и один из самых влиятельных инвесторов Кремниевой долины Питер Тиль, он владеет около 9% акций BitMine. Также инвесторами фонда стали криптофонды Pantera Capital, Galaxy Digital, Digital Currency Group и биржа Kraken.

Во время презентации Ли подтвердил намерение BitMine накопить 5% предложения Ethereum. По его словам, фонд уже владеет 600 тыс. ETH (более $2 млрд). Он заявил, что в долгосрочной перспективе предприятие хочет стать «американской сетью валидаторов», на 100% «географически расположенной в Соединенных Штатах».

Телеграм-канал «РБК-Крипто» — подпишитесь и будьте в курсе самых главных и актуальных новостей о криптовалюте.

Присоединяйтесь к форуму «РБК-Крипто» в Telegram для обсуждения новостей и тенденций криптомира.

В общей сложности на балансе компаний, которые копят Ethereum находится более 2,33 млн ETH общей стоимостью свыше $9 млрд, по данным сервиса StrategicETHreserve на 29 июля. В список публичных ETH-казначейств включены 64 компании, в число крупнейших входят BitMine, SharpLink, The Ether Machine и криптобиржа Coinbase.

Акции BitMine (BMNR) после обращения Ли 28 июля упали почти на 27%, отметили в Cointelegraph. Это резко контрастирует с тем, что при закрытии раунда финансирования на $250 млн в начале июля, бумаги компании подорожали в 8 раз. Тем не менее, рост BMNR за месяц — 688%, по данным TradingView.

Также 28 июля ARK Invest приобрела акции BitMine на $20 млн, сообщили в The Block. Неделей ранее инвесткомпания Кэти Вуд приобрела BMNR на $182 млн.

Чит-код для рынка. Как и зачем компании скупают биткоин на чужие деньги

BitMine не единственный майнер, принявший стратегию накопления криптовалют. Год назад о создании биткоин-резерва заявил крупнейший участник отрасли — компания MARA. На текущий момент она накопила уже 50 000 BTC и привлекла на покупку монет еще почти $1 млрд.

Bitmain начнет выпуск майнинг-устройств в США. Зачем это лидеру рынка

Что значит «сложность» в майнинге биткоина. Максимально доступно

Крупнейший майнер США привлек почти $1 млрд на покупку биткоина

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