Bitmine approaches ETH holding target, Tom Lee says will slow down purchase pace

Deep Tide TechFlow News, May 8th, according to CoinDesk, Ethereum’s largest corporate treasury company Bitmine (BMNR) Chairman Tom Lee stated at the Consensus 2026 Miami Summit that the company is currently continuously buying at a rate of about 100k ETH per week, expecting to reach a total Ethereum holding of 5% of the supply within six weeks (currently at 4.29%), at which point they will slow down purchases and shift focus to staking yields and stock buybacks.

The company currently holds over 5.1 million ETH, worth approximately $11.9 billion, of which 85% is staked, with an annualized staking income exceeding $300 million (about $1 million daily). Additionally, the company announced a $4 billion stock buyback plan and will continue to expand the institutional staking platform MAVAN, which currently manages about $14 billion in digital assets.

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