Due to the Bitcoin buying spree of MicroStrategy, the company’s name has become synonymous with the act of a bullish crypto investor. And like MicroStrategy, Bitmine, a little-known Bitcoin mining company, has recently announced a $250 million private placement to implement a buying strategy around Ethereum, aiming to become the largest publicly traded holder of Ethereum.
To materialize this vision, Bitmine has appointed Fundstrat’s Tom Lee as the chairman of its board of directors.
If Bitmine does end up following MicroStrategy’s footsteps and starts to engage in weekly ETH buys, the world’s largest altcoin could explode. And the growth could trickle downstream, pushing the value of all altcoins upwards. Is it time to find the best crypto to buy now?
$250 Million Private Placement to Implement an Ethereum Buying Strategy
By implementing the Ethereum buying strategy, Bitmine aims to turn ETH into its reserve asset while continuing with its Bitcoin mining business.
The reason Tom Lee was chosen to helm this movement is that stablecoin issuer Circle recently went through a successful IPO, and the stablecoin approach has also been gaining positive traction from Congress.
Calling stablecoins the “ChatGPT of crypto,” Tom Lee says that they are responsible for bringing traditional and decentralized finance together. And since Ethereum is the foundation for stablecoins, it is important to create a project that accumulates Ethereum to have some influence on the network.
Per the new move, Bitmine will monitor the value of Ethereum held per company share as the key performance metric. “It will be similar to MicroStrategy’s BTC yield,” Lee added. “Bitmine will be able to increase the value per share through a combination of reinvestment of the company’s cash flows, capital markets activities, and by the change in value of ETH.”
This announcement has resulted in the Bitmine stocks going up by more than 400%.
Why This Moment Presents a Good Opportunity to Find the Best Crypto to Buy Now?
Bitmine is not the only publicly traded company that has jumped into the fray, as it has followed in the footsteps of Sharplink Gaming, which started its own Ethereum strategy in May and appointed Joseph Lubin to lead it.
This institutional momentum, led by the likes of BlackRock’s ETH buying spree, could have far-reaching consequences for Ethereum systems. Considering there have been an array of developments within the Ethereum ecosystem, further growth for the crypto space may be coming, which makes now the right time to find the best crypto to buy now.
Best Crypto to Buy Now – Top 4 Picks for Investors Looking for Major Gains
While July has opened with a humble dip in the crypto market value, bulls are on standby, creating hopes for further upsides. And seeing the institutional push Ethereum has been getting, a progressive ambiance is all around blockchain technologies, making the following options the best ones available on the market.
Bitcoin Hyper
Since Bitmine is a Bitcoin mining company, its dive into adopting Ethereum as a strategic asset could have a positive impact on the Bitcoin price. And since Bitcoin Hyper is a Bitcoin-inspired meme coin with a strong underlying utility, it could also go up in value.
Bitcoin Hyper is an L2 scaling solution for the Bitcoin blockchain, aiming to inject strong utility into the Bitcoin network.
Central to this vision is the creation of an off-chain transaction protocol on the Bitcoin network to make it fast. Furthermore, since Bitcoin Hyper has integrated a Solana Virtual Machine, it will be smart contract-enabled, which means it could host decentralized applications of a large variety. A canonical bridge has also been established between the Bitcoin network and Bitcoin Hyper in order to make the transition smoother.
Bitcoin Hyper’s approach isn’t very novel, especially since it has portrayed a meme-like image to highlight its quirks. However, from the text written on the whitepaper and the official website, it is clear that the developers are very knowledgeable about what they are trying to achieve, which gives this project a legitimate air.
In fact, the likes of Borch Crypto have called it one of the best crypto presales of 2025, citing Bitcoin Hyper being the first proper L2 for Bitcoin as the reason for his bullishness.
Ethereum
Ethereum is an obvious choice to add to this “best crypto to buy now” list, since if Bitmine’s “MicroStrategy” approach pans out, we may see Ethereum reach new highs, with the possibility of even getting closer to a new all-time high.
Ethereum’s institutional inflows have surpassed the $4.19 billion mark, and the recent $429 million inflow into the ETH ecosystem, thanks to Robinhood’s layer 2, has once again put the world’s largest altcoin at a spot from where it could achieve parabolic growth.
In terms of technological updates, Ethereum’s 16th update, Pectra, went live in May 2025, and plans have already been laid out for the next big update: Fusaka. The Fusaka upgrade is even more anticipated, since it could make Ethereum more scalable and efficient.
In terms of technicals, Ethereum has followed Bitcoin’s price trajectory, going down in value recently due to geopolitical conditions. However, the Ethereum price — $2.4K — is still within the accumulation zone. As long as it stays above its current support, there is hope that it will cross the $3K mark in the coming days.
Token6900
While utility tokens have their own long-term value, degens in the market are looking for assets that could also give them short-term upsides. And that’s when projects like Token6900 shine the most.
A purely meme coin project designed to bank on the popularity of SPX6900, Token6900 is a satire token, eyeing no long-term goals but aiming to create a “brain rot” narrative upon the realization that, crypto or otherwise, the financial market is rigged.
The “degen” approach of this crypto is further highlighted by the presence of a Windows 95-style website and unique aesthetics that were a big hit in the 90s. The entire whitepaper itself has a meme-like tone, filled with talks about a degen crypto revolution and the lack of need to look at the charts over and over.
Token6900 talks about the pure speculative nature of crypto and revels in the fact that it has no utility. And with the maximum cap and presale prices already set, this crypto could be a good buy besides Ethereum to take advantage of the current ecosystem.
Snorter
Snorter is a meme coin project powering a Solana-based trading bot on Telegram. Equipped with tools such as automated crypto swaps, AI-powered crypto sniping, and protection tools such as honeypot protection, MEV protection, and rugpull protection, the tool could potentially become a way for investors to interact with the meme coin market.
While Snorter has started on Solana, its vision is to go multi-chain, which means that in the future it could find and invest in the best high-potential meme coins of any chain.
The project is in no way minimalistic. However, its simplistic approach has been highlighted well by the main mascot: an aardvark. By drawing similarities between an aardvark’s ability to sniff prey and food and the project’s ability to find the best high-potential meme coin project, Snorter has a strong narrative backbone to rely on.
Summary
Bitmine’s approach to make Ethereum its reserve asset could lead to a pumping effect on the Ethereum price. The institutional play around Ethereum could lead to other altcoin tokens getting the spotlight as well. That’s why all the tokens featured in this article are altcoins. Some can leverage utility to gain momentum in the long term, while others can focus on massive short-term growth due to their viral potential.
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