The crypto asset platform supported by Peter Thiel, Bulish, applied to public offering in the United States with a valuation of 4.23 billion dollars. Reuters’ report, the platform’s 20.3 million shares in the price range of 28 to 31 dollars and a total of up to 629 million dollars of capital aims to collect capital.
BULLlish’s public offering strategy
It is stated that Bulish plans to use a significant portion of the funds to be acquired for the purpose of investing in the US Dollar -backed stablecoins. This objective for the public offering is considered a step that shows the search for capital increase in the crypto asset market. This public offer, which is planned to take place in the USA, also shows the expectation that crypto -oriented platforms can maintain their growth through corporate investments.
Bullish’s public offering plan has recently been considered as an indicator of the process of integration of the crypto asset industry into more regular markets. The goal of financial strengthening of the platform will also increase the competition in the sector. The spread of public crypto currency companies is important for the safety of investors.
Bitmine’s Ethereum move
Bitmine, another company supported by Peter Thiel, Ethereum (ETH) 
$3,555.25 With an important position in the field, it has become the company with the largest Ethereum treasury worldwide with its accumulation of ETH, which exceeded $ 3 billion. This strategy of Bitmine is seen as an approach that leads to the long -term and managing the long -term crypto assets in the sector.
Tom Lee from Fundstrat, who was recently appointed as the Chairman of the Board of Directors of Bitmine, announced that the company aims to achieve 5 percent of the total ETH supply. Tom Lee used the following statements on the subject:
“Bitcoin
$114,414.66 We saw the reflection of having large assets in treasury companies… The amount of high assets provided some kind of security for companies. Reaching a 5 percent treasure in Ethereum can offer significant advantages from Wall Street. ”
Similar to the position of Bitmine’s aim in Bitcoin, the software company Microstrategy, it is described as managing 5 %supply in Ethereum and evaluating these assets with its long -term strategy.
Experts say that such moves may lead to an increase in the role of regulations and traditional financial institutions in the crypto ecosystem. In the future, the fact that large institutions take more positions in crypto assets is considered that the market can gain more transparency and financial depth.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
