Bitmine's Relentless Ethereum Buying Is About to End, Tom Lee Says

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Decrypt
Bitmine's Relentless Ethereum Buying Is About to End, Tom Lee SaysWorldPing
Image via Decrypt.

What happened

Speaking at Token2049 in Singapore, the chairman said Bitmine is about 100,000 ETH—roughly six to seven weeks—from its 5% cap, setting an end date on a buying spree that made it the world's largest Ethereum treasury.

Key facts

  • Speaking at Token2049 in Singapore, the chairman said Bitmine is about 100,000 ETH—roughly six to seven weeks—from its 5% cap, setting an end date on a buying spree that made it the world's largest Ethereum treasury.
  • Reported by Decrypt and published Wed, 07 Oct 2026 14:55:32 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. Why Abstract is killing its Ethereum L2 instead of launching a token to save it

  2. Ether is about to lose a steady buyer as Tom Lee says Bitmine will stop token purchases

  3. Bitmine's Relentless Ethereum Buying Is About to End, Tom Lee Says

Sources

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

Read the full report at Decrypt

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