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TomLee’s BitMine to Stop Buying ETH After Reaching 5% Holdings Cap

Coinpedia·October 7, 2026·1 min read
TomLee’s BitMine to Stop Buying ETH After Reaching 5% Holdings Cap

BitMine Immersion Technologies will stop buying Ethereum after reaching a hard cap of 5% of ETH's total supply. The company holds over 6 million ETH and needs about 88,586 more tokens to hit the target. Following the news, Ethereum fell nearly 5% as BitMine shifts strategy.

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