Bitmine's ETH holdings near 4.9% of supply; CEO says it will stop buying at 5%

Bitmine Immersion Technologies holds about 6.029 million ETH, roughly 4.9% of Ethereum's total supply as of Oct 11, nearing its 5% target that was originally set to take five years but is nearly complete in about 16 months. Tom Lee says the company will stop accumulating once holdings reach 5%.

Detected & updated continuously · Source: Nebula