🚨 BitMine has drawn a 5% line in the sand for its own ETH hoard: once it gets there, will it stop buying and not add a single coin?
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👀 Background: Ethereum treasury company BitMine Immersion Technologies already holds more than 6 million ETH. At its current buying pace, it could hit the “5% of all ETH” ceiling as early as early November.
📊 Data: According to Cointelegraph’s calculations, across 12 weekly reports from July 13 to September 28, the company bought a total of about 259,000 ETH, averaging roughly 21,600 per week. As of Sunday, it held 6,001,302 ETH, or 4.9% of the 122.1 million supply figure it cited. It’s about 103,700 ETH short of 5% (roughly 6.105 million), which would take around 4.8 weeks to reach at the current pace.
🔥 The debate: In an August interview with Bankless, Tom Lee said that exceeding 5% could make sense if Ethereum usage keeps expanding and more companies start holding ETH—but the company will probably revisit the question in 2027. If it decides to stop around 5%, it could sell the ETH earned from staking rewards to prevent its share of the total from continuing to rise.
💡 What’s really worth watching isn’t “the round-number 5%,” but a company shifting from “hoarding without limits” to “managing assets with a cap.” Once it hits that ceiling, the unconstrained marginal buying pressure on the supply side disappears.
⚠️ A reality check: These figures come from the company’s own weekly reports, and 5% is a target, not a commitment. The pace could change at any time—BitMine deliberately slowed its buying once before, in May this year.
👀 Which side are you on: Is “capping the hoard at 5%” a rational move to lock in gains, or do you think it’s just talk and they’ll keep buying when they get there? Pick a side in the comments 👇
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#以太坊 #ETH #BitMine #Institutional capital
Group: 点击进入玖玖短线策略群
👀 Background: Ethereum treasury company BitMine Immersion Technologies already holds more than 6 million ETH. At its current buying pace, it could hit the “5% of all ETH” ceiling as early as early November.
📊 Data: According to Cointelegraph’s calculations, across 12 weekly reports from July 13 to September 28, the company bought a total of about 259,000 ETH, averaging roughly 21,600 per week. As of Sunday, it held 6,001,302 ETH, or 4.9% of the 122.1 million supply figure it cited. It’s about 103,700 ETH short of 5% (roughly 6.105 million), which would take around 4.8 weeks to reach at the current pace.
🔥 The debate: In an August interview with Bankless, Tom Lee said that exceeding 5% could make sense if Ethereum usage keeps expanding and more companies start holding ETH—but the company will probably revisit the question in 2027. If it decides to stop around 5%, it could sell the ETH earned from staking rewards to prevent its share of the total from continuing to rise.
💡 What’s really worth watching isn’t “the round-number 5%,” but a company shifting from “hoarding without limits” to “managing assets with a cap.” Once it hits that ceiling, the unconstrained marginal buying pressure on the supply side disappears.
⚠️ A reality check: These figures come from the company’s own weekly reports, and 5% is a target, not a commitment. The pace could change at any time—BitMine deliberately slowed its buying once before, in May this year.
👀 Which side are you on: Is “capping the hoard at 5%” a rational move to lock in gains, or do you think it’s just talk and they’ll keep buying when they get there? Pick a side in the comments 👇
Tap the profile picture to watch the livestream + join the Jiujiu chat group for daily strategies 🚀
#以太坊 #ETH #BitMine #Institutional capital
