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

CryptoInfo Editorial Team · Published on July 27, 2026 at 12:55 · Updated on July 28, 2026 · 1 min read

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Key Takeaways

→Bitmine has added nearly 10,000 ETH to its treasury.
→The purchase is part of an expanded stock buyback program.
→The rising ETH/BTC ratio is seen as a bullish signal for crypto prices.

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

Bitmine, an Ethereum treasury company, has purchased nearly 10,000 ETH, according to reporting from CoinDesk. This move is part of the company's expanded stock buyback program.

The decision to buy more ether is based on the observation that ether is outperforming bitcoin, which is seen as a bullish signal for the cryptocurrency market. This view is shared by Tom Lee, who points to the rising ETH/BTC ratio as an indicator of stronger crypto prices.

Source: CoinDesk ↗

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