BitMine’s Ethereum buying spree could end in six weeks
BitMine Immersion Technologies Chairman Tom Lee said the company will stop accumulating Ethereum once its holdings reach 5% of the cryptocurrency’s supply, capping the strategy that made it ETH’s largest corporate holder. Speaking at TOKEN2049 in Singapore, Lee said BitMine was already close to that limit and would not pursue an open-ended accumulation campaign. He […] The post BitMine’s Ethereum buying spree could end in six weeks appeared first on CryptoSlate.
Key Takeaways
- BitMine Immersion Technologies Chairman Tom Lee said the company will stop accumulating Ethereum once its holdings reach 5% of the cryptocurrency’s supply, capping the strategy that made it ETH’s largest corporate holder.
- Speaking at TOKEN2049 in Singapore, Lee said BitMine was already close to that limit and would not pursue an open-ended accumulation campaign.
- He […] The post BitMine’s Ethereum buying spree could end in six weeks appeared first on CryptoSlate.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3
EU lawmakers push crypto onto anti-corruption agenda
MEPs also called for stronger asset recovery, while the Commission plans to adopt its first anti-corruption strategy by the end of this year.
Bitcoin Price Holds Above $82K Despite Mounting Bearish Pressure
Bitcoin’s price is struggling to find its footing on Oct. 8, 2026, after a sharp selloff knocked prices from the mid-$85,000s into the low $82,000s. Trading near $82,500, the cryptocurrency faces mounting pressure across its hourly and four-hour charts,…
Sui’s Hashi to launch with $500M in Bitcoin finance commitments
Hashi has more than $500M in commitments ahead of mainnet launch, while Anchorage offers institutions settlement and self-custody.