Ethereum treasury firm Bitmine adds $68M in ETH as Tom Lee flags rising ETH-BTC ratio and institutional demand as potential catalysts for further upside

Bitmine purchased 27,180 ether last week, worth about $68 million at Monday's price above $2,500, bringing its holdings to 5,956,378 ETH. It needs roughly another 144,000 ETH to reach its 6.1 million target, about 5% of ether's ~122 million supply, having bought weekly since June 2025. Tom Lee, Bitmine's chairman and Fundstrat founder, said the ETH-BTC ratio hit its highest level since Jan. 30, breaking a downtrend dating to 2022, reflecting Ethereum's role in Wall Street tokenization and agentic-AI. He also cited the Senate's expected Tuesday vote on the Clarity Act and renewed Korean crypto buying.

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• Institutional Adoption
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