The post TomLee’s BitMine to Stop Buying ETH After Reaching 5% Holdings Cap appeared first on Coinpedia Fintech News
BitMine chairman Tom Lee said the company will stop buying Ethereum once its holdings reach 5% of ETH’s total supply. Speaking at Token2049, Lee said BitMine needs about another 100,000 ETH to reach the target. He called 5% the company’s “hard cap,” saying the limit is intended to optimize shareholder value.