Bitmine Plans to Hold 5% of Ethereum Supply by End of 2026

robot
Abstract generation in progress

On May 12, Bitmine Chairman Tom Lee stated that Bitmine purchased 26,659 ETH last week, a slowdown compared to previous purchases of over 100,000 ETH per week. However, the company still plans to hold 5% of the circulating supply of Ethereum by the end of 2026. Currently, the company’s total staked Ethereum exceeds 4.7 million, with an expected annual reward of approximately $352 million once fully staked. Tom Lee believes that if Ethereum’s closing price is above $2,100 by the end of May, it will confirm that ‘crypto spring’ has arrived.

ETH-1.13%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin