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Home›Crypto›Market Structure›BitMine set to stop buying ETH once a supply ceiling i…

BitMine set to stop buying ETH once a supply ceiling is reached

BitMine reported 6,016,414 ETH as of Oct. 4, with Tom Lee estimating about 100,000 ETH remaining before the ceiling.

Reported · Written up by our desk · Market Structure

BitMine will stop purchasing Ethereum once it reaches a supply ceiling, according to a market estimate cited by The Defiant.

The company reported holding 6,016,414 ETH as of Oct. 4.

Tom Lee estimates there are roughly 100,000 ETH remaining before BitMine reaches that ceiling.

Latest closeEthereum $2,563.53 ▼0.4%

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Sources

The DefiantBitMine Will Stop Buying ETH at 5% of Supply, Tom Lee Says

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