Bitmine has added $68 million worth of ether to its holdings, according to CoinDesk, bringing the Ethereum-focused treasury firm closer to its stated goal of accumulating 5% of the cryptocurrency’s supply. The purchase comes as Bitmine chairman Tom Lee points to several factors that could support further interest in ETH. Among those indicators, Lee cited the rising ETH-BTC ratio and continued institutional demand. The update places Bitmine’s accumulation strategy alongside broader market attention on Ethereum’s relative performance against bitcoin. CoinDesk identified the development as relevant to both ETH and BTC markets, while the company’s progress toward its 5% target remains a central focus. The report did not provide additional details on the timing or execution of the purchase.
