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

CoinDesk·October 7, 2026·1 min read
Ether is about to lose a steady buyer as Tom Lee says Bitmine will stop token purchases

Tom Lee says Bitmine will stop buying ETH once it owns 5% of the supply, ending an accumulation streak that began in mid-2025. The company, now the world's largest Ethereum treasury, will lose its steady buying pressure, potentially impacting Ether's market dynamics.

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