Market News / Story
BitMine Is About to Stop Buying Ethereum: What Happens to ETH Price Then?
Beincrypto ·
Beincrypto reports: BitMine Immersion Technologies, the largest company holder of Ethereum , will stop buying once it owns 5% of all ETH. Chairman Tom Lee told the Token2049 conference in Singapore on Wednesday the firm is about 100,000 ETH away. BitMine began buying on June 30, 2025, with ETH near $2,500. After 15 months and 6 million tokens, ETH trades at $2,581. How Close Is BitMine to the 5% Mark? BitMine reported 6,016,414 ETH as of October 4, about 4.9% of supply. The remaining 89,000…