Bitmine to halt ether buying at 5% supply cap, Tom Lee says
- —Bitmine holds 6 million ETH, roughly 4.9% of circulating supply
- —About 100,000 more ETH needed to reach the 5% cap
- —Cap agreed with Vitalik Buterin and Ethereum Foundation researchers
- —Maven staking operation generates about $1 million in daily yield
Why it matters: The largest corporate ether holder publicly capping accumulation eases concerns about supply concentration and network centralization.
Source: BitPinas