BitMine Will Stop Buying Ether at 5% of Supply, Says Tom Lee
BitMine, the largest corporate holder of Ether, will stop buying once it owns 5% of the circulating supply. Chairman Tom Lee said so on stage at Token2049 in Singapore on Wednesday. The compa
A
AnonymousCryptoCompass newsroom
October 7, 2026
1 min read
NEWS
CryptoCompass editorial visual for altcoins coverage.
BitMine, the largest corporate holder of Ether, will stop buying once it owns 5% of the circulating supply.
Chairman Tom Lee said so on stage at Token2049 in Singapore on Wednesday. The company is about 100,000 ETH short of the mark. At last week’s pace of around $41 million in purchases, that is roughly six to seven weeks of buying.
US spot XRP ETFs closed Monday, Oct. 6 with $1.7 billion in total assets, while weekly net inflows into the products reached $4 million, according to flow data tracked by Farside Investors. $
XRP-focused investment products have continued to attract strong investor interest, posting notable inflows in contrast to broad outflows observed in major competing crypto funds. Investment
Ethereum researcher Justin Drake has urged the industry to prepare for “bunker mode,” recommending users gradually move assets to fresh addresses amid concerns that advances in artificial int
