BitMine sets 5% Ether supply ‘hard cap’ as accumulation target nears
Summary
BitMine Immersion Technologies will cap its Ether holdings at 5% of supply, Chairman Tom Lee said at Token2049 Singapore. The company holds about 6 million ETH, or 4.9%, and needs roughly 100,000 more to reach the limit. Lee said BitMine has stopped accumulating, citing its capital strategy and saying it will not raise more funds to buy Ether. The company may sell staking rewards to keep its share below the cap. Lee had previously said BitMine might reconsider the threshold in 2027.
