Bitmine Slows Ether Buy, Targets 5% ETH Supply by December
Cointelegraph
Bitmine Immersion Technologies has slowed its weekly Ether accumulation while remaining committed to holding 5% of the total circulating supply by late 2026.Summary
Bitmine Immersion Technologies, a leading Ether treasury firm, has reduced its weekly token accumulation pace after previously purchasing over 100,000 ETH per week. Chairman Tom Lee stated that the company is recalibrating its strategy to hit a target of holding 5% of Ether's 120.7 million supply by late 2026, rather than the mid-July timeline implied by its previous buying rate. The firm plans to stake its entire Ether stash, which currently exceeds 4.7 million tokens, to generate estimated annual rewards of $352 million. Lee maintains a bullish outlook, citing a "crypto spring" and suggesting that consistent monthly price gains for Ether would confirm a new market cycle.
(Source：Cointelegraph)