BitMine sets 5% Ether supply ‘hard cap’ as accumulation target nears
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BitMine could hit its 5% Ether supply target within weeks — then what?
BitMine could reach 5% of Ether’s supply by early November, while Tom Lee has left open whether it would continue buying beyond that level.
Bitmine Buys $41M More Ethereum, Reaching 99% of Its 'Alchemy of 5%' Target
The purchase lifts Bitmine's stash past 6 million ETH—4.9% of supply and 99% of the way to its "Alchemy of 5%" goal—as chairman Tom Lee says Ethereum is "dwarfing" other macro assets.
Bitmine now controls 4.9% of Ethereum supply after adding 53.5K ETH
Bitmine has bought Ether for 65 consecutive weeks, maintaining its accumulation strategy through a prolonged crypto downturn and $5.1 billion in paper losses.
Bitmine Buys Another $81M in Ethereum as ETH Outperforms Bitcoin
Bitmine is about 187,000 Ethereum short of its 5% of supply target.
Bitmine extends 14-month ETH buying pace as Ether breaks above $2.5K
Ether’s breakout above $2,500 has put the spotlight back on corporate ETH treasuries, with Bitmine now nearing its long-stated accumulation target.
Tom Lee’s Bitmine Buys Another $19 Million in Ethereum as Stash Nears 5% of Total Supply
The firm says it's 96% of the way to owning 5% of Ethereum's total supply, according to Chairman Tom Lee.