Crypto: BitMine to Halt Its Massive Ethereum Accumulation

BitMine is approaching the end of one of the largest crypto accumulation campaigns conducted by a company. Tom Lee states that the company will stop buying Ethereum when it reaches 5% of the ETH supply. BitMine already holds 6,041,481 ETH, or about 4.9% of the 122.1 million ETH used as reference. At a constant supply, about 63,500 ETH still separate it from its cap. The program started on June 30, 2025. Fifteen months later, BitMine is almost there. The company still had 5.93 million ETH in early September . As of October 18, its reserves reached 6,041,481 ETH. The progress continues, but much more slowly. BitMine only bought 12,535 ETH during its last published week.

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