BitMine is nearing its Ether target. What replaces its weekly buying?

BitMine bought Ether every week for more than 15 months, building a treasury of about 6.02 million ETH. Chairman Tom Lee now says the company is close to its target of holding 5% of the network's supply and will stop accumulating beyond it. A major recurring buyer may leave the spot market, while its large staked position continues to earn rewards. Neither event, by itself, establishes where Ether's price will go. BitMine held 6,016,414 ETH as of October 4, approximately 4.9% of the 122.1 million supply it used in its company update.

Source: crypto.news