- Bitmine holds 6,016,414 ETH, about 4.9% of circulating supply, and will stop buying once it reaches a 5% hard cap, roughly 100,000 ETH away or six to seven weeks at the recent pace.
- The halt ends a weekly Ethereum buying streak since June 2025 that made Bitmine the world's largest Ethereum treasury and a persistent source of demand for the token.
- Bitmine's ETH holdings carry roughly $4.5 billion in unrealized losses, with Ethereum trading near $2,570 and down 5.5% on the day of Lee's remarks.
Quotes
“We only need to get another 100,000 ETH to get to 5%”
“done stacking”
“We thought this would take five years”