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Tom Lee Says Bitmine Will Stop Buying ETH at 5% of Supply

Summary by Bitcoin.com
Bitmine is approaching the end of one of the largest corporate ethereum accumulation campaigns on record. Chairman Tom Lee says the company will stop buying once it reaches 5% of ETH supply, a ceiling he said was encouraged by Vitalik Buterin. Bitmine Is 100,000 ETH Away From Buying Goal Bitmine’s relentless ethereum buying spree is […]
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BitMine is approaching the end of one of the largest cryptographic accumulation campaigns conducted by a company. Tom Lee says that the company will stop buying Ethereum when it reaches 5% of the ETH offer. BitMine already owns 6,041,481 ETH, or about 4.9% of the 122.1 million ETH taken as a reference. At constant offer, about 63,500 ETH still separate it from its ceiling. L'article Crypto: BitMine will stop its massive accumulation of Ethereum …

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Bitmine is nearing the point where it will stop purchasing Ethereum's ETH coin. CEO Tom Lee has confirmed this.

Bitmine CEO Tom Lee announced that the company will halt purchases when its Ether holdings reach 5% of the total supply; approximately 100,000 ETH remain until the ceiling is reached.

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Coinfomania broke the news on Thursday, October 22, 2026.
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