Ethereum May Lose a Major Buyer
Ethereum may soon lose one of its most consistent sources of corporate demand. Bitmine chairman Tom Lee said the company will stop accumulating ETH once its holdings reach 5% of Ethereum’s supply. Bitmine currently owns more than 6 million ETH and is roughly 100,000 tokens away from its target. The company began building its Ethereum treasury in 2025 and has become the largest corporate ETH holder. Once the 5% threshold is reached, the company will stop its regular purchases, potentially changing the balance between supply and demand. The announcement comes as Ethereum and other major cryptocurrencies remain under pressure. For exchange users, Bitmine’s next move is an important factor when assessing ETH price trends. Track the latest Ethereum exchange rate on xbit.money and choose a suitable time to exchange.