“We increased our equity buyback as we view the rising ETH/BTC ratio, despite the falling odds of passage of the Clarity Act in 2026, as a sign crypto prices are strengthening,” Bitmine Chairman Tom Lee said in a statement. “In fact, this ratio is now at a 3-month high at 0.3000, which we believe bodes well for future strengthening of ETH prices," he added. (Disclosure: Tom Lee is an investor in Dastan, Decrypt’s parent company.)
The announcement is the latest in Bitmine's rapid expansion under Lee.
