Bitmine Nears 5% ETH Goal After $68M Purchase as Tom Lee Flags More Upside

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Bitmine, an Ethereum-focused treasury firm, has added $68 million worth of ether to its holdings, bringing it closer to its 5% accumulation target. The purchase reflects growing institutional interest in Ethereum as a treasury asset. Prominent investor Tom Lee has pointed to a rising ETH-BTC ratio and increasing institutional demand as key catalysts for further upside. Lee's outlook suggests he expects Ethereum to continue outperforming Bitcoin in the near term. The move signals broader confidence among institutional players in Ethereum's long-term value proposition.

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