Route 2 FI
Route 2 FI|Oct 26, 2026 15:39
Does anyone have any thoughts on what consequences it will have (if any at all) for ETH when Tom Lee stops buying? Bitmine is approaching its target of owning 5% of the ETH supply. Lee has said that once they get there, they’ll stop accumulating. Bitmine has bought ETH every single week since launching the strategy in June, 2025. The last 4 reported weekly purchases were: 15,112 ETH on October 4 12,532 ETH on October 11 12,535 ETH on October 18. 10,452 ETH today. ETH at $2,350 means approx. $120m in buying pressure over a month. Bitmine now holds 6,051,933 ETH, and we should have approx. 5-ish more weeks with buying to reach 5%. Anyway, maybe it doesn't matter though. Everyone knows this buying is about to end. It's "priced in". Maybe. Idk. And it's not like they're going to dump it anyway.
Share To

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads