Chairman Tom Lee described the ownership limit as a "hard cap" during the Token2049 conference in Singapore, stating the target is intended to optimize shareholder value. The pending end of the firm's weekly accumulation strategy, which began in June 2025, coincides with eight consecutive days of outflows from spot Ethereum ETFs and the asset losing market share to Bitcoin.
Wednesday, October 21, 2026
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BitMine's Ethereum Holdings Hit 5.85M Near Purchase Cap
Crypto10 days ago
The investment company is roughly 200,000 tokens away from reaching its maximum reserve limit, with its current portfolio valued at $14.27 billion. BitMine currently holds 5.85 million ETH, according to the latest data reported by Cointelegraph, as the firm approaches a laest threshold of 5% of the total supply that will trigger a complete halt of its purchasing activities.
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