Bitmine buys more ETH as Tom Lee cites rising ETH/BTC ratio as bullish crypto signal

Ethereum treasury firm Bitmine purchased nearly 10,000 ETH and expanded its stock buyback programme, pointing to ether's outperformance of bitcoin as a bullish market signal. Analyst Tom Lee argued that a rising ETH/BTC ratio historically points to stronger crypto prices across the board. The move reinforces Bitmine's strategy of accumulating Ethereum as a core treasury asset.

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🪙 Crypto Tom Lee's Bitmine Pauses ETH Buys, Redirects $86M to Stock Buyback Decrypt · 8d ago 🪙 Crypto Bitmine Slowed Ether Buys, Spent $86 Million on Stock Buybacks Instead CoinDesk · 8d ago 🪙 Crypto Tom Lee's Bitmine Holds $11B in ETH With 5.77 Million Tokens BitHub.pl · 12d ago

More on this topic

🪙 Crypto Tom Lee's Bitmine Pauses ETH Buys, Redirects $86M to Stock Buyback Decrypt · 8d ago 🪙 Crypto Bitmine Slowed Ether Buys, Spent $86 Million on Stock Buybacks Instead CoinDesk · 8d ago 🪙 Crypto Tom Lee's Bitmine Holds $11B in ETH With 5.77 Million Tokens BitHub.pl · 12d ago