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BitMine sets 5% Ether supply ‘hard cap’ as accumulation target nears
Cointelegraph ·
Cointelegraph reports: BitMine Immersion Technologies will cap its Ether holdings at 5% of the cryptocurrency’s supply, according to Chairman Tom Lee. Speaking during a keynote at Token2049 in Singapore on Wednesday, Lee said BitMine is nearing the threshold after accumulating roughly 6 million Ether, equivalent to about 4.9% of the supply. He said the company needs about 100,000 ETH more to reach its target. “That’s a hard cap. We’re not gonna be accumulating past 5%,” Lee said. “We’re not…