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BitMine’s Ethereum buying spree could end in six weeks

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: CryptoSlate
BitMine’s Ethereum buying spree could end in six weeksWorldPing
Image via CryptoSlate.

What happened

BitMine Immersion Technologies Chairman Tom Lee said the company will stop accumulating Ethereum once its holdings reach 5% of the cryptocurrency’s supply, capping the strategy that made it ETH’s largest corporate holder.

Key facts

  • BitMine Immersion Technologies Chairman Tom Lee said the company will stop accumulating Ethereum once its holdings reach 5% of the cryptocurrency’s supply, capping the strategy that made it ETH’s largest corporate holder.
  • Reported by CryptoSlate and published Thu, 08 Oct 2026 10:50:37 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Ethereum’s Glamsterdam test runs near 200 million gas per block after upgrade

  2. Ethereum Price Cracks as 3 Prediction Markets Make Their Calls

  3. Vitalik Buterin urges calm as AI raises new fears over Bitcoin and Ethereum cryptography security

  4. Bitcoin slips below $83,000 as Ethereum researcher's 'bunker mode' call divides crypto

  5. Former PlayStation Exec Slams Sony's Move to Kill Discs: 'What Are You Buying?'

  6. BitMine’s Ethereum buying spree could end in six weeks

  7. Morning Minute: Ethereum Researcher Says AI May Break Crypto Encryption Before Quantum

Sources

The original report was published by CryptoSlate. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at CryptoSlate

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