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Bitmine to Stop Ether Purchases Once It Holds 5% of Supply

Founder Tom Lee announced the firm will cease accumulation after reaching the target, ending its role as the largest Ethereum treasury.

3 publishers · 3 articles · first seen 7 Oct 2026 · updated 31d ago

Headline and summary written by an AI model from the linked articles; not reviewed by a person. How this was made

First reported by Cointelegraph.com News, 3h 50m ahead of the next publisher · who breaks stories first

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The story so far

3 publishers have covered this in 3 articles since 7 Oct 2026. Cointelegraph.com News published first, on 7 October at 08:50 UTC; CoinDesk followed 3h 50m later. The most recent article, from decrypt.co, appeared on 7 October at 14:55 UTC.

Outlets reporting it: CoinDesk (major outlet), Cointelegraph.com News, decrypt.co.

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Sources

Every article we clustered into this story. Headlines link to the publisher.

  1. Ether is about to lose a steady buyer as Tom Lee says Bitmine will stop token purchases CoinDesk ·
  2. Bitmine's Relentless Ethereum Buying Is About to End, Tom Lee Says decrypt.co
  3. BitMine sets 5% Ether supply ‘hard cap’ as accumulation target nears Cointelegraph.com News

In this story

  • Tom Lee
  • Bitmine
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