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📰 Tom Lee states that BitMine may slow down Ethereum purchases after accumulating nearly $12 billion worth of ETH.
Leading Ethereum treasury company BitMine Immersion Technologies may start to slow ETH buying as they approach their 5% supply target.
Holding nearly $12 billion in ETH and reaching the 5% threshold, they say they will reduce the pace? Old man Tom Lee is back to talking nonsense. On-chain data doesn't lie; just look at the daily net inflows of miners and ETFs to see that institutions are not afraid at all. $ETH At this price range, who is accumulating and who is selling the top? It's all on the chain.