Tom Lee: BitMine is about to stop increasing its Ethereum holdings Tom Lee @fundstrat mentioned during his speech at TOKEN2049 @token2049 that BitMine has set a cap of 5% of Ethereum's total supply for its holdings. Once this proportion is reached, the company will stop accumulating more ETH. He revealed that Vitalik had previously suggested to the company to stop accumulating once the 5% threshold was reached. As of the time of the speech, BitMine holds approximately 6 million ETH, accounting for 4.9% of the total supply. They only need to acquire about 100,000 more ETH to hit their target. Lee noted that the company initially estimated it would take five years to reach this accumulation, but it actually took just over a year, with all purchases made during the bear market. Wu Blockchain reminds readers that Tom Lee's market predictions tend to be optimistic, and his bullish targets may not always materialize. The actual market trends could differ significantly from his forecasts. It is recommended to focus on his analytical logic rather than relying on specific price targets or timing as investment guidance. Source: TOKEN2049