Bitmine About 100,000 ETH From 5% Cap, Tom Lee Says

The 5% cap reframes what has looked like an open-ended accumulation story into one with a visible endpoint, which matters because a steady buyer of this size has been part of the market's demand backdrop. The signal cuts both ways: proximity to the limit invites front-running of the final purchases, while the period after it raises the question of what replaces that flow. Whether Bitmine seeks a way around the cap, slows, or simply stops is the open question.