Post
Hassan Imtiaz
🤔 Will BitMine soon stop buying ETH?
BitMine has around 77,442 ETH left to buy (approximately $200M) before reaching its target of holding 5% of Ethereum’s total supply
🔤 Tom Lee has stated, including at TOKEN2049 in Singapore, that 5% is a hard cap. The company doesn’t plan to accumulate more ETH beyond that target and intends to stop buying once it’s reached
After its latest purchases, BitMine holds 6,028,946 ETH worth around $15.24B, representing approximately 4.94% of the total ETH supp
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