CAP
+7.3%BitMine Will Halt Ethereum Buys At 5% Supply Cap
Image: U.TodayBitMine Immersion Technologies held roughly 6.02 million ETH as of October 4, 2026, equal to about 4.9% of Ethereum's total supply. Chairman Tom Lee announced the firm will halt ETH purchases once it hits its self-imposed 5% supply hard cap, with roughly 100,000 ETH remaining to reach that threshold. The announcement has eased some investor dilution concerns for BMNR shareholders, though some market participants worry BitMine may sell its ETH holdings after hitting the cap.
Key points
- BitMine chairman Tom Lee said the firm will halt ETH buys once it hits a 5% supply hard cap
- Roughly 100,000 ETH remain for BitMine to reach its 5% supply target
- Some market participants worry BitMine may sell its ETH holdings after hitting the cap
Why it matters
BitMine is a major corporate ETH holder, so its planned purchase halt and future treasury decisions may affect ETH market dynamics and BMNR share valuation.
What's unclear
The exact amount of ETH BitMine needs to reach its 5% cap is unclear, with estimates ranging from ~88,586 to ~100,000 ETH based on supply calculations
No date has been announced for when BitMine will hit its 5% ETH supply cap
Price context · ETH
At publication
$2,532.44
Now
$2,519.85
Change since
−0.50%
7 days · dashed line = publication
Sources · 2 publishers
U.Today
Tier 2
Tom Lee to Stop Stacking Ethereum Upon Securing 5% of Supply
Coverage timeline
- First reported by Coinspeaker
- Confirmed by U.Today
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
