Ether is about to lose a steady buyer as Tom Lee says Bitmine will stop token purchases
60-second summary
Tom Lee announces Bitmine will cease ETH purchases after reaching a 5% stake, ending an accumulation streak that began mid‑2025 and made it the world’s largest Ethereum treasury. The halt removes a steady demand source, potentially softening ETH’s upward pressure and prompting traders to reassess price support amid broader market volatility.
Tom Lee said Bitmine will be “done stacking” once it owns 5% of ETH, setting an end date to an accumulation streak that began in mid-2025 and made the company the world's largest Ethereum treasury.