BitMine sets 5% Ether supply ‘hard cap’ as accumulation target nears
60-second summary
BitMine announces a hard cap, limiting its Ether holdings to 5% of total supply, turning its previous accumulation target into a ceiling, according to Tom Lee. The firm will cease buying once the threshold is reached, signaling disciplined exposure management. This restraint may temper bullish pressure on ETH prices while reinforcing investor confidence in controlled token allocation strategies.
Tom Lee said BitMine will not accumulate Ether past 5% of the supply, turning the company’s target into a ceiling.