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Home›Crypto›Ethereum›Bitmine to stop Ethereum token purchases after reachin…

Bitmine to stop Ethereum token purchases after reaching 5% ownership

CoinDesk says Bitmine’s accumulation streak began in mid-2025 and is set to end once the company reaches 5% of ETH.

Reported · Written up by our desk · Ethereum

CoinDesk reports that Tom Lee said Bitmine will stop purchasing Ethereum tokens once it owns 5% of ETH.

The outlet says Lee’s comment sets an end date for Bitmine’s Ethereum accumulation streak, which began in mid-2025.

According to CoinDesk, the purchases made Bitmine the world’s largest Ethereum treasury.

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Sources

CoinDeskEther is about to lose a steady buyer as Tom Lee says Bitmine will stop token purchases

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