Bitmine adds 10,000 ETH to treasury, cites bullish ETH/BTC ratio signal

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Bitmine, an Ethereum-focused treasury company, has purchased nearly 10,000 ETH, further building its digital asset holdings. The company also announced an expansion of its stock buyback program alongside the acquisition. Bitmine pointed to ether's recent outperformance against bitcoin as a key reason behind the move, viewing it as a bullish signal for the broader crypto market. Prominent investor Tom Lee echoed this sentiment, noting that a rising ETH/BTC ratio historically points to stronger cryptocurrency prices ahead.

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