BTC 
ETH 
BNB 
XRP 
SOL 
TRX Tom Lee says Bitmine will stop buying Ether at 5% of supply
Tom Lee said Bitmine will stop accumulating Ether once it owns 5% of the token's supply, ending a buying streak that made it the world's largest Ethereum treasury. Posts report the company held 6,016,414 ETH as of Oct. 4 and is roughly 100,000 ETH from the cap.
Why “Unverified”
- 4 independent sources (Cointelegraph, CoinDesk, Decrypt, The Defiant), but no primary confirmation
4 independent source groups across 4 posts · evidence score 96/100. How labels work
Market around the story
| Asset | Price at first report | 6h before | 1h before | 1h after | 6h after | 1h move vs normal | 24h volume vs median |
|---|---|---|---|---|---|---|---|
| ETH | $2,616 | −1.8% | −0.07% | −0.23% | −1.8% | 0.5σ | 1.3× |
Returns are measured from the moment the story first appeared. “vs normal” compares the move with the asset's typical hourly move over the previous 30 days.
What the sources claim
-
Tom Lee said Bitmine will be done stacking once it owns 5% of ETH, ending an accumulation streak that began in mid-2025. ETH
“Tom Lee said Bitmine will be “done stacking” once it owns 5% of ETH”
CoinDesk -
Speaking at Token2049 in Singapore, Lee said Bitmine is about 100,000 ETH, roughly six to seven weeks, from its 5% cap. ETH
“Bitmine is about 100,000 ETH—roughly six to seven weeks—from its 5% cap”
Decrypt -
Bitmine reported 6,016,414 ETH as of Oct. 4, with Lee estimating roughly 100,000 tokens remain before the ceiling. ETH
“The company reported 6,016,414 ETH as of Oct. 4”
The Defiant -
Tom Lee said BitMine will not accumulate Ether past 5% of the supply, turning the company's target into a ceiling. ETH
“Tom Lee said BitMine will not accumulate Ether past 5% of the supply”
Cointelegraph
Sources
More on ETH
Summary and claims extracted by deepseek/deepseek-flash with prompt analyze-story@3 on 2026-10-07 16:50 UTC. Labels are computed from the sources, not by the model.