Ether is about to lose a steady buyer as Tom Lee says Bitmine will stop token purchases

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.

EthereumETH the event is about this asset

The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.