Ether is about to lose a steady buyer as Tom Lee says Bitmine will stop token purchases
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.
Make preferred on
Share this article
Summary
- Bitmine Chairman Tom Lee said the company will stop buying ether once its holdings reach 5% of the cryptocurrency’s circulating supply.
- Bitmine holds more than 6 million ETH, worth $15 billion or 4.9% of the supply, and needs roughly 100,000 more tokens to reach its target.
- Bitmine began its treasury strategy in June 2025, and its steady purchases may or may not have helped support ETH, which is down sharply since.
