Bitcoin News
By Julie Binoche
1 / 15
Tom Lee Flags the ETH/BTC Ratio. Bitmine Chairman Tom Lee pointed to the ETH/BTC ratio hitting a three-month high as proof that…
2 / 15
Strategy Goes the Other Way. Compare Bitmine's move to what Strategy is doing right now.
3 / 15
Bitmine Immersion Technologies just bought nearly 10,000 ETH in a single week. That brings its total Ether stack to 5.79 million — roughly 4.
4 / 15
That's a massive concentration for any public company. Bitmine's total assets — crypto holdings, cash, and marketable securities combined — sat at $11.8 billion as of July 26.
5 / 15
Bitmine Chairman Tom Lee pointed to the ETH/BTC ratio hitting a three-month high as proof that Ether's momentum is building. He's not wrong on the recent numbers.
6 / 15
Lee's framing matters here. The ETH/BTC ratio is one of those metrics that crypto traders watch closely — when it rises, it basically means Ethereum is outpacing Bitcoin on a…
7 / 15
The company didn't say anything about future acquisition plans. No timeline, no target size. Just the purchase and the staking numbers.
8 / 15
Compare Bitmine's move to what Strategy is doing right now. Strategy holds 843,775 BTC — a massive Bitcoin treasury by any measure — but it paused Bitcoin purchases recently.
9 / 15
So you've got two of the biggest corporate digital asset holders in the market taking almost opposite positions at the same moment. Bitmine is buying and staking aggressively.
10 / 15
More context: Strategy Raises $544.5 Million in MSTR Shares While Buying Back STRC Preferred Stock
11 / 15
The divergence isn't just tactical. It's kind of a philosophical split. Bitmine is leaning into Ethereum's yield mechanics — staking rewards, validator infrastructure, the whole…
12 / 15
Corporate crypto treasury strategies have grown more sophisticated over the past few years. Early adopters mostly just bought and held.
13 / 15
Staking-based yield is still a relatively niche strategy for public companies, though. Most corporate Bitcoin holders aren't running validators.
14 / 15
Whether those projections hold depends on Ethereum network conditions, validator participation rates, and a bunch of variables the company didn't detail.
15 / 15
Still, the position is real. 5.79 million ETH at current prices, 85% actively staked, $11.8 billion in total assets. Those aren't projections.
The Currency Analytics
Want the full story?