Tom Lee Announces Bitmine Will Cease Ethereum Purchases After Reaching 5% Stake, Ending Its Long‑Running Accumulation Phase
Bitmine, the crypto‑focused investment firm that has become synonymous with large‑scale Ethereum accumulation, is set to bring its aggressive buying strategy to a close. In a recent interview, Tom Lee, the firm’s chief strategist, disclosed that Bitmine will halt further purchases of Ether (ETH) once its holdings reach the 5% threshold of the total circulating supply. This decision marks the end …
Oct. 7, 2026, 12:40 p.m.