Exchanges· ★★★· neutral·

Tom Lee: BitMine to stop ETH buying at 5% of supply

  • —BitMine holds about 6 million ETH, roughly 4.9% of supply
  • —About 100,000 ETH remains to reach the 5% ceiling
  • —Vitalik Buterin advised the company to stop at the 5% level
  • —A planned five-year buildout was completed in just over a year, during bear-market conditions
Why it matters: A major institutional buyer has set a hard limit on its ETH demand, capping one source of buying pressure on supply.
#ETH
Source: Koin Bülteni
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