Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
WCTC S8
Rewards

Bitmine Approaches 5% ETH Target, Will Slow Purchases in Six Weeks, Tom Lee Says

GateNews
ethereum newsCapital Flow
ETH-0.11%

According to Tom Lee, chairman of Bitmine (BMNR), the largest corporate Ethereum treasury company, the firm is purchasing approximately 100,000 ETH weekly and expects to reach its target of holding 5% of Ethereum’s total supply within six weeks, at which point it will slow buying and focus on staking yields and share buybacks. The company currently holds over 5.1 million ETH valued at approximately $11.9 billion, with 85% staked generating annual staking income exceeding $300 million. Bitmine also announced a $4 billion stock repurchase program.

View Source
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related News

05-07 16:09
Tom Lee Outlines Three Ethereum Price Targets: $22K, $62K, and $250K at Consensus Miami 2026
05-07 12:47
Treasure Global Deploys $100M for ETH-Focused Digital Asset Treasury
05-07 08:23
Tokenized U.S. Treasuries on Ethereum Hit Record $8 Billion, Ethereum Hosts Over 60% of Total Value
05-07 01:56
Whale nemorino.eth Buys 2,091 ETH at $2.39K, Deposits $5M into Spark
05-06 00:43
Hyperliquid's Largest ETH Bull Adds 99,000 ETH Position Worth $234M, Up $9M Unrealized Gain
In-Depth Analysis

Trump's Bitcoin Reserve Plan Announcement Expected Within Weeks

Crypto Frontier05-07 14:12

New York Bank expands its “digital assets” business to the UAE, offering BTC and ETH custody services

Market Whisper05-07 06:26

3 Altcoins Savvy Investors Are Watching — BTC, ETH, and SOL

Crypto News Land05-05 15:36
Comment
0/400
No comments