Ethereum's Biggest Buyer to Stop Stacking: Tom Lee Says Bitmine Will Halt ETH Purchases at 5% Threshold

Tom Lee, a prominent cryptocurrency investor, announced that Bitmine, the world's largest Ethereum treasury company, will cease purchasing Ether once its holdings reach 5% of the total ETH supply. The decision sets a definitive end date to an accumulation streak that began in mid-2025, during which Bitmine aggressively bought ETH, amassing a significant treasury.

Bitmine's buying spree has been a notable source of demand for Ethereum, contributing to price stability and market confidence. Lee's statement implies that the company is nearing its target, though the exact timeline for reaching the 5% threshold remains unclear. As of now, Bitmine holds a substantial but undisclosed amount of ETH, and the announcement has sparked discussions about the impact of such a large holder ceasing further purchases.

The news carries implications for the broader crypto market, as Bitmine's steady buying has been a supportive factor for ETH prices. With this major buyer set to exit the market, analysts are watching for potential price volatility and shifts in sentiment. The development also raises questions about the strategies of other institutional holders and whether they might fill the demand gap. Next steps include monitoring Bitmine's progress toward its 5% goal and the market's reaction in the coming weeks.