$ETH šØ BITMINE COULD SOON STOP BUYING ETH
Ethereum may be about to lose one of its most consistent buyers.
Tom Lee, Chairman of BitMine, says the company will be ādone stackingā ETH once it reaches 5% of Ethereumās total supply.
š Current position:
⢠~6.02M ETH held
⢠~4.9% of Ethereumās supply
⢠Only ~89K ETH needed to reach the 5% target
⢠BitMine has been buying ETH consistently since June 2025
šÆ Once the 5% threshold is reached, BitMine says it wonāt accumulate beyond that level.
The big question for the market:
What happens to ETH demand when one of its biggest corporate buyers stops accumulating? š
Will other institutions step ināor will this reduce a major source of buying pressure?
š ETH investors should be watching this closely.
#Bitmine #Ethereum
Ethereum may be about to lose one of its most consistent buyers.
Tom Lee, Chairman of BitMine, says the company will be ādone stackingā ETH once it reaches 5% of Ethereumās total supply.
š Current position:
⢠~6.02M ETH held
⢠~4.9% of Ethereumās supply
⢠Only ~89K ETH needed to reach the 5% target
⢠BitMine has been buying ETH consistently since June 2025
šÆ Once the 5% threshold is reached, BitMine says it wonāt accumulate beyond that level.
The big question for the market:
What happens to ETH demand when one of its biggest corporate buyers stops accumulating? š
Will other institutions step ināor will this reduce a major source of buying pressure?
š ETH investors should be watching this closely.
#Bitmine #Ethereum