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Bitmine buys more ether as Tom Lee says rising ETH/BTC ratio points to stronger crypto prices

CoinDesk 2026-07-27 12:55:57
Context: Bitmine, an Ethereum treasury company, has made a significant purchase of nearly 10,000 ETH, as reported. This acquisition comes as the company's stock buyback program is expanded. The move is attributed to the rising ETH/BTC ratio, which suggests a bullish trend in cryptocurrency prices.

Key Facts

  • Bitmine, an Ethereum treasury company, added nearly 10,000 ETH to its holdings while expanding its stock buyback program.
  • The company's decision is based on the observation that ether has been outperforming bitcoin, as indicated by the rising ETH/BTC ratio.
  • According to Tom Lee, the rising ETH/BTC ratio points to stronger crypto prices, sending a bullish signal to investors.
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