Bitmine, the largest Ethereum-focused digital asset treasury firm, announced Monday it bought another 27,180 ether last week, worth approximately $68 million. This brings the company closer to its goal of accumulating 5% of Ethereum's total supply. Tom Lee, chairman of Bitmine and founder of Fundstrat, highlighted several factors for Ether's potential upside, including the ETH-BTC ratio climbing to its highest level since January 30 and breaking a downtrend since 2022. Lee believes this reflects Ethereum's strengthened position as a settlement layer for Wall Street tokenization and its potential critical role in managing agentic-AI. Other catalysts include an anticipated Senate vote on the U.S. crypto market-structure legislation (Clarity Act) and renewed crypto buying from Korean investors.