🔷 BitMine will slow down Ethereum purchases.



The company has already accumulated 5.1 million ETH ($11.9 billion) — 4.29% of the total supply of Ether.

Chairman Tom Lee emphasized that the company's initial goal was 5% issuance over five years. At the current pace of 100,000 ETH per week, the company will reach it in about a month and a half.

85% of assets are locked in staking protocols and generate over $300 million annually.
ETH1.58%
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