BitMine chair Tom Lee says the ETH/BTC ratio has broken above its multi-year downtrend.
He says tokenization and agentic AI are starting to matter more for how the market values $ETH.
BitMine still holds 5.815M ETH, around 4.8% of supply and worth roughly $11B .
But the ETH buying has cooled quite a bit.
It added just 9,926 ETH last week, compared with roughly 60,000 ETH a week on average.
BitMine also bought back 1.7M of its own shares last week.