Market News / Story
Crypto roundup: Ether slides after BitMine's Tom Lee signals end to coin buying
Seeking Alpha ·
Seeking Alpha reports: BitMine Immersion Technologies will stop purchasing Ethereum after reaching its hard cap of 5% of total coin supply. ETH is down 5% to $2,564 on the news following the fresh comments at the Token2049 conference in Singapore. "We are currently at 6 million ETH, which took us over a year. We thought this would take five years," BitMine's Tom Lee declared. "We were glad to buy it cheaply; we bought a lot at $1,500, but it's in the middle of a bear market, and we are now…