Bitmine adds $68 million in ether as Tom Lee sees more upside catalysts ahead

The Ethereum treasury firm is closing in on its 5% accumulation goal as Lee points to a rising ETH-BTC ratio and institutional demand.

Bitmine bought 27,180 ether last week, worth about $68 million at Monday’s ETH price.
The company now holds 5.96 million ETH, leaving it roughly 144,000 tokens short of its goal of owning 5% of Ethereum’s supply.
Tom Lee pointed to the rising ETH-BTC ratio on the cusp of breaking a 4-year downtrend, and potential U.S. crypto legislation among possible catalysts for demand.

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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

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