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Crypto

Bitmine Ether Holdings Top 6 Million Tokens as Weekly Buying Slows

Bitmine, the Ethereum treasury company chaired by Tom Lee, added 17,362 ETH last week, pushing its stash past 6 million tokens. It was the smallest weekly purchase since the firm’s Aug. 17 update, leaving Bitmine roughly 104,000 ETH short of its stated goal of owning 5% of ether’s supply.

Original source

AI take

The signal here is the deceleration, not the milestone: Bitmine's smallest weekly add since mid-August suggests the pace of accumulation is softening even as the stated 5%-of-supply target remains unmet. That gap matters because it frames how much further buying the treasury-company model implies, and whether that demand is price-sensitive. The open question is whether the slowdown reflects deliberate pacing or waning capacity to keep adding at prior speed.

Generated by AI for reference only.

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