BitMine to Stop Buying ETH After Accumulating 5% of Supply

Tom Lee, representing BitMine, made important statements at the TOKEN2049 conference regarding its Ethereum accumulation strategy. The company has set a strict limit on ETH's share in its portfolio.

The ownership cap is set at 5% of the total cryptocurrency supply. This decision aims to maximize financial benefits for BitMine shareholders.

To reach the target mark of 5%, the company needs to acquire an additional 100,000 units of Ethereum. After that, asset purchases will cease.

October 7, 2026

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