Bitmine's Relentless Ethereum Buying Is About to End, Tom Lee Says
60-second summary
Bitmine’s chairman tells Token2049 that the firm holds roughly 100,000 ETH, placing it just six to seven weeks away from reaching its self‑imposed 5 % treasury cap and ending its aggressive accumulation. This imminent ceiling will halt the world’s largest Ethereum treasury buildup, likely easing buying pressure on ETH prices and prompting investors to reassess market dynamics.
Speaking at Token2049 in Singapore, the chairman said Bitmine is about 100,000 ETH—roughly six to seven weeks—from its 5% cap, setting an end date on a buying spree that made it the world's largest Ethereum treasury.