BitMine Slows Ethereum Accumulation by 74% as It Nears Portfolio Target
Tom Lee's BitMine has reduced its weekly Ethereum purchases by 74%, acquiring only 26,659 ETH worth around $63 million last week compared to prior rates of over 100,000 ETH per week. The slowdown comes as the firm approaches a target of holding approximately 5% of Ethereum's circulating supply and has already staked more than 4.7 million ETH.
Topics: BitMine Ethereum investment strategy portfolio management