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Crypto

Tom Lee says Ethereum will outperform Bitcoin as BitMine holds 5.93 million ETH

BitMine Immersion Technologies bought an additional 28,086 ether, taking its holdings to 4.9 percent of total Ethereum supply. Fundstrat co-founder Tom Lee said Ethereum could outperform Bitcoin in coming years, citing growth in real-world asset tokenisation and agentic AI use cases. BitMine said most of its ether is staked and projected annual staking income based on a 2.61 percent annualised yield. Ethereum and BitMine shares fell in recent trading.

Crypto

Tom Lee says Ethereum to outperform Bitcoin in coming years as ETH/BTC ratio gains

Tom Lee (톰 리) forecast that Ethereum will post higher returns than Bitcoin over the next several years. He pointed to the ETH/BTC ratio, which he said is rising and has moved up to 0.02994, as a sign Ethereum is breaking out of a long-term downtrend. Lee cited Wall Street asset tokenisation and the spread of agent-based artificial intelligence as new growth drivers. He also said the ratio could rise further.

Crypto

BitMine buys another 9,926 ether, nears 5 percent of circulating supply goal

BitMine bought an additional 9,926 ether over the past week, lifting its total holdings to 5,815,164. That equals 4.8 percent of the 120.7 million ether in circulation as of Aug. 17, Coinpost reported. The company said its total holdings, including cryptocurrencies and cash-like assets, reached $11.4 billion. It also bought back shares under a $4 billion program and has repurchased 20.8 million shares since July.