BitMine Expands Crypto Holdings Amid Rising ETH/BTC Ratio

BitMine Immersion Technologies (BMNR) has expanded its cryptocurrency and equity holdings. The company bought one Bitcoin, increasing its stake to 212 coins.

In addition, BMNR raised its ORBS stake by $7 million, bringing the total to $98 million. This is up from $91 million previously.

BitMine also acquired 27,180 Ethereum over the past week, taking its total to 5.96 million tokens. The company aims to hold a 5% stake in Ethereum, which would be around 6.1 million tokens.

The ETH/BTC ratio has broken a long-term trend, according to Tom Lee, chairman of BMNR. This ratio is now at its highest level since January 30. Lee attributes the increase to tokenization and agentic AI driving the next crypto cycle.