Bitmine's Relentless Ethereum Buying Is About to End, Tom Lee Says
What Decrypt reports, why it matters and what remains unconfirmed.
The story in one view
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- Cross-source reports linked
What Decrypt reports
Speaking at Token2049 in Singapore, the chairman said Bitmine is about 100,000 ETH—roughly six to seven weeks—from its 5% cap, setting an end date on a buying spree that made it the world's largest Ethereum treasury.
The immediate significance
The report describes a company financing or operating decision. Its importance depends on completed terms, timing and the measurable effect on the business rather than the headline figure alone.
CoinDesk has also published a related report, providing another attributed account to compare without treating repetition as proof.
What remains unknown
- No matched primary document independently supporting the central claim is linked to this page.
The named assets, right now
Spot quotes from Kraken, checked .
How the story developed
CoinDesk and Decrypt are reporting related developments. Reports are shown in publication order; separate coverage is not independent confirmation.
CoinDesk Ether is about to lose a steady buyer as Tom Lee says Bitmine will stop token purchases
Tom Lee said Bitmine will be “done stacking” once it owns 5% of ETH, setting an end date to an accumulation streak that began in mid-2025 and made the company the world's largest Ethereum treasury.
DecryptCurrent briefing Bitmine's Relentless Ethereum Buying Is About to End, Tom Lee Says
Speaking at Token2049 in Singapore, the chairman said Bitmine is about 100,000 ETH—roughly six to seven weeks—from its 5% cap, setting an end date on a buying spree that made it the world's largest Ethereum treasury.
Related Articles And Podcast
Further reporting and analysis on this story.
Bitmine’s ether hoard reaches 5.81M—nearly 5% of supply
One company’s growing ownership of a meaningful share of ETH raises both treasury and concentration questions.
Read the full articleBitMine Owns 4.8% of Ethereum | U.S. Treasury’s Stablecoin Rules | XRP Loses $1 | Daily Crypto Roundup
BitMine Immersion Technologies, chaired by Tom Lee, now owns approximately 4.8% of Ethereum’s entire circulating supply after purchasing another 9,926 ETH.
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