October 5th 2026, 2:15 PM
Ether Buying Slows for Second Week, Reaching 5% Threshold
Key Summary
Tom Lee's Bitmine, an Ethereum treasury company, has slowed down its ether buying for a second straight week, adding 15,112 ETH to its holdings. The company now holds approximately 6,016,414 ETH, which is about 89,000 ETH short of owning 5% of ether's total supply. This slowdown comes after a 21 million share buyback by Bitmine this year.
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Ethereum Treasury Company Bitmine Slows Ether Buying for a Second Straight Week
The Ethereum treasury company now holds 6,016,414 ETH, about 89,000 short of owning 5% of ether’s supply, as Lee pointed to a 21 million share buyback this year.Market Implications
This slowing down of buying activity may indicate a decrease in investor confidence or a shift in market sentiment.Company Insights
Bitmine’s total holdings now stand at 6,016,414 ETH, following a 21 million share buyback this year.#Ethereum#US#Crypto#Bitmine