News
TomLee’s BitMine to Stop Buying ETH After Reaching 5% Holdings Cap
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%…
· 1 min read · 143 words · via Coinpedia
Wire briefing
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.
Source: Coinpedia. This is a wire summary for GetFreeBit readers - verify the original report before making custody, trading, or tax decisions. Not financial advice.
GetFreeBit earns a referral commission when you register via our verified partner links at no additional cost to you.