Ether is about to lose a steady buyer as Tom Lee says Bitmine will stop token purchases
- Published
Bitmine’s chairman Tom Lee said the company will stop buying ether once its holdings reach 5% of ETH supply. That sets an end point for an accumulation run that began in mid-2025 and made Bitmine the world’s largest Ethereum treasury.
Key claims & sources
What it means
Ether holders and market participants who track large treasury demand will see a named buyer with an end point for new purchases. Bitmine’s stop date becomes visible once its holdings hit the 5% threshold, and that is the concrete change from an open-ended buying streak to a defined limit.
Before this, Bitmine was adding ether through an accumulation streak that started in mid-2025. What stays the same is that the company still holds ether now; what changes is that Tom Lee said buying will stop once the 5% level is reached.
Market reaction i
Ethereum fell 0.1% in the 4 hours after the first headline, after falling 0.2% in the 2 hours before.
48 prices, one every 30 minutes · The move was larger before the first headline than after: an observation, not an explanation. The market also moves on things nobody publishes.
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
U.Today
echo
Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 35 days ago | BitMine Lifts ETH Treasury to 6.02 Million With Smallest Buy Since Mid-August event | 2 actors in common · 8 news media |
| 41 days ago | BitMine adds 17,362 ETH as treasury crosses 6 million event | 2 actors in common · 4 news media |
| 42 days ago | Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach over 6 Million Tokens with Total Crypto, Cash & Marketable Securities Holdings of $17.2 Billion - PR Newswire event | 2 actors in common · 4 news media |
| 2 months ago | Bitmine bought $75 million ether as Tom Lee says institutions are still underweight crypto event | 2 actors in common · 2 news media |
| 39 days ago | April 2025 Spiko Bpifrance announces its subscription to Spiko’s tokenized money market fund, using its own cash reserves Bpifrance is taking a major step forward in blockchain-based finance by announcing a subscription to the Spiko Euro money market fund .. event | 1 actors in common · 2 news media |