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      BitMine to Cease Ethereum Purchases Upon Reaching Supply Limit

      BitMine, a cryptocurrency mining company, has announced that it will halt its purchases of Ethereum (ETH) once it reaches 5% of the total supply. As of October 4, 2026, the company reported holding 6,016,414 ETH, with estimates indicating that approximately 100,000 tokens remain before it hits this threshold.

      Tom Lee, a prominent figure in the cryptocurrency space, provided insights on the company's strategy, highlighting the significance of this supply limit in BitMine's operational plans. The decision to stop acquiring ETH is expected to impact the market dynamics as the company approaches its self-imposed cap.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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