BitMine sets 5% Ether supply 'hard cap' as accumulation target nears
- —BitMine set a hard cap of 5% of Ether supply for accumulation
- —The level was previously a target, now it is a ceiling
- —The company already controls 4.9% of ETH supply
Why it matters: The cap limits further buying pressure from the largest corporate ETH holder and signals a shift from accumulation to holding.
Source: Cointelegraph