Bitmine’s ETH Buying Spree Nears End With Holdings at 4.9% of Supply
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BitMine is nearing its 5% ETH supply limit, with Tom Lee planning to halt purchases and rely on staking revenue. BitMine is approaching its Ethereum accumulation limit after building a treasury worth billions of dollars. Chairman Tom Lee confirmed plans to stop buying ETH once holdings reach 5% of circulating supply. Recent purchases have brought its share to approximately 4.9%, leaving little room for further accumulation. Meanwhile, staking rewards could continue generating income without requiring additional ETH purchases.
Source: Live Bitcoin News
