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BMNR Stock Outlook as Tom Lee Says Bitmine Will Halt ETH Purchases at 5% Supply Target

CoinGape·October 7, 2026·1 min read
BMNR Stock Outlook as Tom Lee Says Bitmine Will Halt ETH Purchases at 5% Supply Target

Bitmine (NYSE: BMNR) stock faces a test after executive chairman Tom Lee noted the company will not buy more Ethereum after it accumulates 5% of ETH's total supply. BMNR stock was down 4.58% in pre-market trading as a broader crypto market dip weighed on shares.

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