BitMine will halt additional ETH purchases once its holdings reach 5% of Ethereum’s total supply, according to Tom Lee, as cited by TheDefiant. Lee said the company held 6,016,414 ETH as of Oct. 4. Based on his estimate, BitMine is now roughly 100,000 tokens away from that ceiling. The report did not provide further details beyond the company’s current holdings and the threshold Lee referenced. The update points to a defined cap on BitMine’s ETH accumulation rather than an open-ended buying plan.
BitMine will stop buying ETH once its holdings reach 5% of Ethereum’s total supply, according to Tom Lee, as reported by TheDefiant.
Lee said the company held 6,016,414 ETH as of Oct. 4. By his estimate, BitMine is about 100,000 tokens away from hitting that ceiling.
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