Illustration of Tom Lee announcing potential slowdown in Ethereum purchases by Bitmine at a Miami conference.
Larawang ginawa ng AI

Bitmine may slow ethereum purchases as goal nears, tom lee says

Larawang ginawa ng AI
Filipino

Bitmine Immersion Technologies is considering slowing its purchases of ether after rapidly accumulating a large stake in the cryptocurrency. Chairman Tom Lee made the remarks during a keynote at Consensus 2026 in Miami on Thursday. The firm has amassed over 5.1 million ETH valued at approximately $11.9 billion.

Lee said the company holds 4.29 percent of the total ETH supply, far ahead of its original five-year timeline. At its current pace of buying about 100,000 ETH per week, Bitmine could reach its 5 percent target within six weeks. He indicated the firm may then shift focus toward staking and share buybacks instead of continued aggressive accumulation.

Ano ang sinasabi ng mga tao

Initial X reactions to Bitmine potentially slowing ETH buys near its accumulation goal, per Tom Lee at Consensus 2026, consist mainly of neutral news summaries with some analyst commentary on market flows, Ethereum fair value estimates, and possible shifts to stock buybacks.

Mga Kaugnay na Artikulo

Illustration depicting Bitmine's accelerated Ethereum purchases amid the end of 'mini-crypto winter,' featuring Chairman Thomas Lee, rising ETH charts, and key stats in a high-tech trading room.
Larawang ginawa ng AI

Bitmine accelerates ETH buys amid Lee's 'mini-crypto winter' endgame call

Iniulat ng AI Larawang ginawa ng AI

Building on recent accumulation, Bitmine Immersion Technologies added 60,976 ether last week—its largest 2026 weekly purchase—pushing holdings past 4.5 million tokens despite $7.8 billion unrealized losses. Chairman Thomas Lee views prices as nearing the end of a 'mini-crypto winter,' justifying faster buying. Staking now yields $174 million annually.

BitMine buys $240 million in Ethereum amid rising prices

BitMine Immersion Technologies, led by Tom Lee, purchased $240 million worth of Ethereum in its third consecutive weekly buy exceeding 100,000 ETH. The move coincides with Ethereum's continued price rise and Bitcoin hitting $80,000 for the first time since January. Meanwhile, Strategy skipped a Bitcoin purchase as BTC reached this milestone.

BitMine purchases $90 million in Ethereum amid bearish sentiment

Iniulat ng AI

BitMine Immersion Technologies acquired 45,759 ether last week, valued at over $90 million, increasing its total holdings to more than 4.37 million tokens. The company's chairman, Tom Lee, compared current crypto market sentiment to the lows of 2018 and 2022, yet highlighted Ethereum's potential in tokenization and AI. Despite paper losses nearing $8 billion, BitMine continues its buying strategy.

Crypto

Arthur Hayes halts Bitcoin buys in liquidity strategy

Crypto

Harvard endowment trims bitcoin and buys ether ETF

Crypto

Strategy pauses Bitcoin purchases ahead of Q1 earnings

Coinbase CEO sees retail resilience in Ethereum price drop

Ethereum has dropped about 7% to around $1,947 amid market volatility, but Coinbase CEO Brian Armstrong points to strong retail investor behavior as a positive sign. Retail users on the platform are buying the dip and maintaining or increasing their holdings of Bitcoin and Ethereum. This trend suggests growing maturity among individual investors despite broader market challenges.

Ethereum price risks falling to $1,500 amid historic slump

Iniulat ng AI

Ethereum is experiencing its sixth consecutive down month, with a nearly 40% drop in the past month, according to Bitwise analyst Max Shannon. He warns that without positive catalysts, the cryptocurrency could slide 22% to $1,500, marking its worst streak since 2018. Despite regulatory progress and institutional interest, Ethereum remains tied to Bitcoin's movements.

May 10, 2026 06:18

Ethereum trails bitcoin by 35 percent over past year

May 06, 2026 02:35

Crypto markets show mixed signals with ethereum accumulation and bitcoin dominance

May 02, 2026 13:57

Ethereum Foundation sells 10,000 ETH to BitMine

May 01, 2026 20:28

BitMine acquires 10,000 ETH from Ethereum Foundation in second weekly treasury deal

March 08, 2026 22:51

Analyst holds rating on Bitmine Immersion amid ether weakness

February 19, 2026 03:06

Ethereum's 50% staking milestone draws criticism for misleading data

February 13, 2026 18:43

Crypto markets rally after softer US inflation report

Gumagamit ng cookies ang website na ito

Gumagamit kami ng cookies para sa analytics upang mapabuti ang aming site. Basahin ang aming patakaran sa privacy para sa higit pang impormasyon.
Tanggihan