Market News / Story
Tom Lee Says BitMine Will Stop Buying ETH After Reaching 5% of Supply
Binance News ·
Binance News reports: Tom Lee said at the Token2049 conference in Singapore that BitMine has set a hard cap of 5% of ETH’s circulating supply and will stop buying once it reaches that level. According to Odaily, BitMine still needs to buy about 100,000 ETH to reach the limit. As of its latest purchase on October 4, BitMine held about 6.0164 million ETH, or roughly 4.9% of circulating supply, leaving it about 90,000 to 100,000 ETH short of the cap. Based on last week’s buying pace, Tom Lee…