BitMine sets 5% Ether supply ‘hard cap’ as accumulation target nears

Tom Lee said BitMine will not accumulate Ether past 5% of the supply, turning the company’s target into a ceiling.
Key Takeaways
- Tom Lee said BitMine will not accumulate Ether past 5% of the supply, turning the company’s target into a ceiling.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CoinTelegraph. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3

Bitcoin Price Slips Under $84K as Tom Lee Eyes Biggest Bull Market Ever
Fundstrat’s Tom Lee told a Singapore crowd that crypto is “2 days past the bottom” on the same morning a flash crash liquidated more than $400 million in longs, while his treasury company Bitmine said it will stop buying ether at 5% of supply. What Did Lee…

Bitcoin’s recovery stalls just short of rescuing its last underwater cohort
Yearly buyer cohorts and U.S. spot ETF investors offer a map of potential support and resistance as bitcoin retreats below $84,000.

Liquidations jump to $547 million as oil rally hits crypto market
Bitcoin fell below $84,000 as oil climbed on Iranian tanker attacks, while smaller tokens fell harder and liquidations rose to $547 million.