BitMine Chairman Tom Lee says: $ETH /$BTC has broken above a multi-year descending trendline, reaching 0.02994.He believes two major narratives could be driving the move: Asset tokenization，Agentic AI
In simple terms: Wall Street is moving more traditional assets onchain, while AI agents could increasingly rely on blockchain transactions and smart-contract infrastructure. That could bring renewed attention to Ethereum. But here's another interesting detail：BitMine currently holds around 5.815 million ETH,、representing roughly 4.8% of ETH's total supply. However, its ETH purchases have slowed sharply:
Only 9,926 ETH added last week
Compared with an average of around 59,998 ETH per week over the past 43 weeks
At the same time, BitMine has accelerated its share buyback program.It repurchased around 1.7 million shares last week, bringing total buybacks since July 2024 to approximately 20.8 million shares.
So the market is asking: Is BitMine reducing its ETH conviction or simply waiting for a better entry? If ETH/BTC continues higher alongside the Tokenization + Agentic AI narratives，could ETH become the center of the next major Crypto repricing? #EthereumFoundationLaunchesGlamsterdamTestnet #BitcoinHoldsNear$63500
In simple terms: Wall Street is moving more traditional assets onchain, while AI agents could increasingly rely on blockchain transactions and smart-contract infrastructure. That could bring renewed attention to Ethereum. But here's another interesting detail：BitMine currently holds around 5.815 million ETH,、representing roughly 4.8% of ETH's total supply. However, its ETH purchases have slowed sharply:
Only 9,926 ETH added last week
Compared with an average of around 59,998 ETH per week over the past 43 weeks
At the same time, BitMine has accelerated its share buyback program.It repurchased around 1.7 million shares last week, bringing total buybacks since July 2024 to approximately 20.8 million shares.
So the market is asking: Is BitMine reducing its ETH conviction or simply waiting for a better entry? If ETH/BTC continues higher alongside the Tokenization + Agentic AI narratives，could ETH become the center of the next major Crypto repricing? #EthereumFoundationLaunchesGlamsterdamTestnet #BitcoinHoldsNear$63500