BitMine to End Ethereum Purchases Once Holdings Reach 5%
BitMine founder Tom Lee announced the company will stop buying Ether once its holdings reach 5% of total supply, ending an accumulation campaign that began in mid-2025. The firm has staked 84% of its current Ethereum holdings and projects up to $400 million in annual staking revenue.
Written by CoinArticle’s AI Newsroom · from 2 cited sources. How we work
End of a Steady Buyer
BitMine founder Tom Lee said the company will cease Ether purchases once it owns 5% of total Ethereum supply, marking an endpoint to an acquisition streak that began in mid-2025 and positioned BitMine as the world's largest Ethereum treasury holder. Weekly purchase volumes have already begun to contract; BitMine bought 12,532 ETH in its most recent weekly period, according to CryptoPotato's tracking.
The timeline for reaching 5% ownership remains unclear from available statements. Current holdings are not specified in either source, though the announcement signals BitMine expects to reach that threshold within a defined timeframe.
Staking Revenue and Deployment
BitMine has staked 84% of its existing Ethereum holdings, generating ongoing yield from network consensus participation. Once the company deploys its entire treasury to staking, it projects annual revenue of up to $400 million based on current staking yield rates.
The reduction in weekly purchases does not alter BitMine's existing staked position, only the pace of new accumulation. This shift signals a transition from an acquisition phase to an income-generation phase as the company approaches its stated 5% target.
Why It Matters
For Traders
BitMine's reduced weekly purchases remove a consistent source of institutional buy pressure on Ether, potentially reducing upside support in spot markets over coming months.
For Investors
A major holder shifting from accumulation to staking signals confidence in long-term Ethereum fundamentals but reduces demand-side catalyst for price appreciation near-term.
For Builders
BitMine's large staked position makes it a material participant in Ethereum's consensus layer; its yield targets may influence its governance participation on protocol upgrades.
This article is for information only and is not financial advice. Read the full disclaimer.
