BitMine to Halt Ether Purchases Once Holdings Reach 5% of Circulating Supply
AI Market Summary
BitMine said it will stop buying ETH once holdings reach 5% of circulating supply, likely in 6–7 weeks, ending a weekly accumulation streak since June 2025. While the direct flow impact is modest versus ETH trading volume, removing a predictable corporate bid can weaken near-term positioning and sentiment, especially as ETH underperforms BTC and ETF outflows extend. Focus shifts to the 5% threshold and how BitMine deploys remaining liquidity.
Impact level
● Medium
Affected assets
ETH/USDT-1.70%
AI Insight · ETH/USDTAI Insight
▼ Bearish
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Nasdaq-listed BitMine Immersion Technologies said it will stop buying ether once its holdings reach 5% of ETH’s circulating supply. Chairman Tom Lee said at TOKEN2049 in Singapore that the firm is about 100,000 ETH short of that cap and, at roughly $41 million of weekly purchases, expects to complete its final accumulation in six to seven weeks. The move would end a weekly buying streak that began in June 2025.
