Tom Lee’s Bitmine Nears 5% of Ether Supply With $41M ETH Buy
Publicly traded ether treasury firm Bitmine Immersion Technologies announced Monday that it has edged closer to its stated goal of obtaining 5% of the circulating ETH supply, adding about $41 million worth of the cryptoc...
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Still recent enough for follow-up. 5 independent sources are tracking the same story.
Why this matters
Ethereum is showing up inside the Crypto Treasuries theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
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BitMine Will Stop Buying ETH at 5% of Supply, Tom Lee Says
The company reported 6,016,414 ETH as of Oct. 4, while Lee estimates roughly 100,000 tokens rem...
Tom Lee says Bitmine is 100,000 ETH away from ending its buying spree
Bitmine will stop buying ETH once it holds 5% of circulating supply, Tom Lee said, as its holdi...
Bitmine's Relentless Ethereum Buying Is About to End, Tom Lee Says
Speaking at Token2049 in Singapore, the chairman said Bitmine is about 100,000 ETH—roughly six...
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...
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