BitMine may slow ETH buying pace as it nears 5% supply goal

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Tom Lee said the company may slow its ETH purchases as it nears its 5% supply goal, noting that BitMine could reach the target within weeks if it keeps buying at the current pace.

BitMine Chairman Tom Lee said the company may slow the pace of its Ethereum purchases as it moves closer to its goal of holding 5% of the total ETH supply.

Lee made the comments Thursday at Consensus 2026 in Miami, saying BitMine is evaluating whether it wants to keep accumulating ETH at its current pace. He said the company could reach its 5% target in about six weeks if it continues buying at the same rate.

BitMine may slow ETH buying pace as it nears 5% supply goal

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