TREE NEWS reports: Tom Lee’s Bitmine added 15,112 ETH in its second straight week of slower ether purchases, bringing its treasury to 6,016,414 ETH — roughly 89,000 short of owning 5% of ether’s supply. Lee pointed to a 21 million share buyback this year.
Bitmine Adds 15,112 ETH as Ether Buying Slows Second Week
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AI take
The headline number understates the signal: a second consecutive week of decelerating accumulation suggests the pace of treasury buildout, not the direction, is what is shifting. The 5% threshold now sits within roughly two average weekly purchases, making it the clearest near-term marker of intent. The share buyback adds a second capital-allocation lever alongside token purchases, and how the two are balanced is the open question for anyone tracking corporate ether treasuries.
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