BitMine says ETH ‘replacement’ value may be $60K

BitMine Immersion Technologies, a Bitcoin (BTC) mining company listed on the New York Stock Exchange, announced on X that it had asked several research firms to estimate the hypothetical “replacement” value of Ethereum (ETH) in the context of Wall Street. Their estimates suggested an illustrative value of $60,000 per ETH, while the current market price is approximately $3,800. The company added that ETH treasury firms tend to increase the amount of ETH held per share over time and could outperform the asset itself.