Bitmine, an Ethereum treasury firm, has added another $68 million worth of ether, moving closer to its stated goal of accumulating 5% of supply. Tom Lee said the setup for ETH still includes more upside catalysts, pointing specifically to a rising ETH-BTC ratio and continuing institutional demand. The update highlights Bitmine’s ongoing accumulation strategy and Lee’s view that the market backdrop for ether remains constructive. With the firm nearing its 5% target, the latest purchase adds to the focus on treasury-style ETH accumulation and on signals that large buyers are still active in the market.
Bitmine, an Ethereum treasury firm, added $68 million worth of ether, bringing it closer to its goal of accumulating 5%.
Tom Lee said more upside catalysts remain in place, citing a rising ETH-BTC ratio and institutional demand.
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