Bitmine is nearing the end of an Ethereum buying run that began in mid-2025, according to comments from Tom Lee. He said the company will be "done stacking" once it holds 5% of ETH, putting a clear endpoint on an accumulation strategy that helped turn Bitmine into the world’s largest Ethereum treasury. The remark points to a potential shift for the market, as Ether is set to lose a steady source of demand if the company stops token purchases at that threshold. CoinDesk reported the comments on Oct. 7, 2026. The article identifies Bitmine’s buying program as a notable force in ETH accumulation over the period since it started.
Bitmine will stop buying Ether once it owns 5% of ETH, Tom Lee said, setting a clear endpoint for the company’s accumulation plan.
That buying streak began in mid-2025 and helped make Bitmine the world’s largest Ethereum treasury.
For the market, the comment means Ether is about to lose a steady buyer if Bitmine halts token purchases at that level.
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