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Bitmine Chairman Tom Lee Announces Halt of Ethereum Accumulation at 5% of Circulating Supply

CoinDesk +3 ·

BMNR
BMNR BitMine Immersion Technologies Inc
$26.20 -2.20%
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  1. 1Bitmine Chairman Tom Lee stated that the company will stop accumulating tokens once Ethereum reaches 5% of its circulating supply.
  2. 2Bitmine purchased an additional $41 million worth of Ethereum last week.
  3. 3Bitmine holds more than 6 million ETH.

So what's the key point?

Bitmine Chairman Tom Lee said the company will stop buying Ethereum once it reaches 5% of the total circulating supply. Bitmine holds a large amount of Ethereum, having purchased an additional $41 million worth last week.

Source CoinDesk +3 · View original ↗

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