Bitmine plans to slow its Ethereum purchases as its holdings approach 5% of the asset’s supply. According to NS3.AI, Thomas Lee said the company holds 5.7 million ETH, equal to about 4.8% of supply.
The company plans to allocate more capital toward staking, Ethereum infrastructure, and financial services investments. Bitmine’s move comes as it nears a concentration level it has identified as significant for its ETH holdings.
Bitmine Plans To Slow Ethereum Purchases as Holdings Near 5% of Supply
2026-07-17 14:52:48
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