TomLee’s BitMine to Stop Buying ETH After Reaching 5% Holdings Cap

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BitMine chairman Tom Lee said the company will stop buying Ethereum once its holdings reach 5% of ETH’s total supply. Speaking at Token2049, Lee said BitMine needs about another 100,000 ETH to reach the target. He called 5% the company’s “hard cap,” saying the limit is intended to optimize shareholder value.